Body Shop, Detroit MI (Wayne County)

Business For Sale

Disclosure: We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease of financing or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You your tax and legal advisors should conduct your own investigation of the property and transaction.

Summary:• Veryprofitablebodyshop• 4,900 SF building included •

Cashflow:

$339,595

•Training

provided

• Asking:

$350,000

LocationsCommercialRealEstateServices32000NorthwesternHighway,Ste.275FarmingtonHills,MI48334Office:(248)516-7777

Contact: NadirJiddouDirect:248-798-5210Email:Nadir@LocationsMI.com

•

body Shop Detroit, MI (Wayne County)

Details

• Includes 4,900 SF building with three bay doors

• Inventory

not

included

in

asking

price

• Pre-approved

for

SBA

loan

with

20%

down

for

qualified

buyer

• Seller

will

train

for

two

weeks

at

no

additional

charge

• Seller

is

willing

stay

on

as

a

consultant,

if

needed

•

Gross

Revenue:

$684,560

• Net

Profit

in

2016:

$339,595

• Asking:

$350,000

body Shop Detroit, MI (Wayne County)

body Shop Detroit, MI (Wayne County)

Demographic Source: Applied Geographic Solutions 10/2016, TIGER Geography page 1 of 5©2017, Sites USA, Chandler, Arizona, 480-491-1112

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EXPANDED PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 42.4147/-83.2820RF5

5 mi radius

PopulationEstimated Population (2016) 284,747Projected Population (2021) 283,141Census Population (2010) 299,818Census Population (2000) 350,460Projected Annual Growth (2016 to 2021) -1,606 -0.1%

Historical Annual Growth (2010 to 2016) -15,071 -0.8%

Historical Annual Growth (2000 to 2010) -50,642 -1.4%

Estimated Population Density (2016) 3,627 psm

Trade Area Size 78.51 sq mi

HouseholdsEstimated Households (2016) 117,724Projected Households (2021) 120,550Census Households (2010) 119,045Census Households (2000) 132,541Estimated Households with Children (2016) 35,707 30.3%

Estimated Average Household Size (2016) 2.39

Average Household IncomeEstimated Average Household Income (2016) $57,335Projected Average Household Income (2021) $64,948

Estimated Average Family Income (2016) $67,458

Median Household IncomeEstimated Median Household Income (2016) $47,099Projected Median Household Income (2021) $51,599

Estimated Median Family Income (2016) $58,374

Per Capita IncomeEstimated Per Capita Income (2016) $23,797Projected Per Capita Income (2021) $27,746Estimated Per Capita Income 5 Year Growth $3,949 16.6%

Estimated Average Household Net Worth (2016) $320,895

Daytime Demos (2016)Total Businesses 12,341Total Employees 130,108Company Headquarter Businesses 64 0.5%

Company Headquarter Employees 12,702 9.8%

Employee Population per Business 10.5Residential Population per Business 23.1

body Shop Detroit, MI (Wayne County)

Demographic Source: Applied Geographic Solutions 10/2016, TIGER Geography page 2 of 5©2017, Sites USA, Chandler, Arizona, 480-491-1112

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EXPANDED PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 42.4147/-83.2820RF5

5 mi radius

Race & EthnicityWhite (2016) 111,878 39.3%Black or African American (2016) 158,576 55.7%American Indian or Alaska Native (2016) 860 0.3%Asian (2016) 5,047 1.8%Hawaiian or Pacific Islander (2016) 41 - Other Race (2016) 1,548 0.5%Two or More Races (2016) 6,797 2.4%

Not Hispanic or Latino Population (2016) 277,614 97.5%Hispanic or Latino Population (2016) 7,133 2.5%Not Hispanic or Latino Population (2021) 274,463 96.9%Hispanic or Latino Population (2021) 8,677 3.1%Not Hispanic or Latino Population (2010) 294,323 98.2%Hispanic or Latino Population (2010) 5,495 1.8%Not Hispanic or Latino Population (2000) 345,549 98.6%Hispanic or Latino Population (2000) 4,911 1.4%Projected Hispanic Annual Growth (2016 to 2021) 1,545 4.3%Historic Hispanic Annual Growth (2000 to 2016) 2,222 2.8%

Age Distribution (2016)Age Under 5 17,290 6.1%Age 5 to 9 Years 16,956 6.0%Age 10 to 14 Years 17,495 6.1%Age 15 to 19 Years 17,988 6.3%Age 20 to 24 Years 19,469 6.8%Age 25 to 29 Years 19,269 6.8%Age 30 to 34 Years 17,557 6.2%Age 35 to 39 Years 16,434 5.8%Age 40 to 44 Years 17,754 6.2%Age 45 to 49 Years 18,531 6.5%Age 50 to 54 Years 20,019 7.0%Age 55 to 59 Years 21,089 7.4%Age 60 to 64 Years 19,305 6.8%Age 65 to 74 Years 26,061 9.2%Age 75 to 84 Years 12,420 4.4%Age 85 Years or Over 7,110 2.5%Median Age 39.2

Gender Age Distribution (2016)Female Population 151,439 53.2%

Age 0 to 19 Years 34,193 22.6%Age 20 to 64 Years 90,137 59.5%Age 65 Years or Over 27,109 17.9%

Female Median Age 41.2

Male Population 133,308 46.8%Age 0 to 19 Years 35,535 26.7%Age 20 to 64 Years 79,291 59.5%Age 65 Years or Over 18,482 13.9%

Male Median Age 36.8

body Shop Detroit, MI (Wayne County)

Demographic Source: Applied Geographic Solutions 10/2016, TIGER Geography page 3 of 5©2017, Sites USA, Chandler, Arizona, 480-491-1112

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EXPANDED PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 42.4147/-83.2820RF5

5 mi radius

Household Income Distribution (2016)HH Income $200,000 or More 2,626 2.2%HH Income $150,000 to $199,999 3,519 3.0%HH Income $100,000 to $149,999 12,143 10.3%HH Income $75,000 to $99,999 12,950 11.0%HH Income $50,000 to $74,999 22,236 18.9%HH Income $35,000 to $49,999 16,998 14.4%HH Income $25,000 to $34,999 12,888 10.9%HH Income $15,000 to $24,999 14,378 12.2%HH Income Under $15,000 19,986 17.0%

HH Income $35,000 or More 70,472 59.9%HH Income $75,000 or More 31,238 26.5%

Housing (2016)Total Housing Units 134,154Housing Units Occupied 117,724 87.8%

Housing Units Owner-Occupied 78,888 67.0%Housing Units, Renter-Occupied 38,836 33.0%

Housing Units, Vacant 16,430 12.2%

Marital Status (2016)Never Married 90,698 38.9%Currently Married 81,634 35.0%Separated 10,895 4.7%Widowed 17,434 7.5%Divorced 32,346 13.9%

Household Type (2016)Population Family 229,124 80.5%Population Non-Family 52,248 18.3%Population Group Quarters 3,375 1.2%

Family Households 72,732 61.8%Non-Family Households 44,992 38.2%Married Couple with Children 15,685 19.2%Average Family Household Size 3.2

Household Size (2016)1 Person Households 39,187 33.3%2 Person Households 35,220 29.9%3 Person Households 18,647 15.8%4 Person Households 13,437 11.4%5 Person Households 6,556 5.6%6 or More Person Households 4,677 4.0%

Household Vehicles (2016)Households with 0 Vehicles Available 12,926 11.0%Households with 1 Vehicles Available 50,032 42.5%Households with 2 or More Vehicles Available 54,766 46.5%

Total Vehicles Available 181,259Average Vehicles Per Household 1.5

body Shop Detroit, MI (Wayne County)

Demographic Source: Applied Geographic Solutions 10/2016, TIGER Geography page 4 of 5©2017, Sites USA, Chandler, Arizona, 480-491-1112

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EXPANDED PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 42.4147/-83.2820RF5

5 mi radius

Labor Force (2016)Estimated Labor Population Age 16 Years or Over 229,486Estimated Civilian Employed 127,686 55.6%Estimated Civilian Unemployed 7,149 3.1%Estimated in Armed Forces 44 - Estimated Not in Labor Force 94,608 41.2%Unemployment Rate 3.1%

Occupation (2010)Occupation: Population Age 16 Years or Over 119,033Management, Business, Financial Operations 14,845 12.5%Professional, Related 23,131 19.4%Service 24,659 20.7%Sales, Office 31,967 26.9%Farming, Fishing, Forestry 304 0.3%Construct, Extraction, Maintenance 7,380 6.2%Production, Transport Material Moving 16,747 14.1%

White Collar Workers 69,943 58.8%Blue Collar Workers 49,089 41.2%

Consumer Expenditure (2016)Total Household Expenditure $5.61 B

Total Non-Retail Expenditure $3.03 B 53.9%Total Retail Expenditure $2.59 B 46.1%

Apparel $195 M 3.5%Contributions $226 M 4.0%Education $194 M 3.4%Entertainment $311 M 5.5%Food and Beverages $839 M 14.9%Furnishings and Equipment $187 M 3.3%Gifts $132 M 2.3%Health Care $465 M 8.3%Household Operations $152 M 2.7%Miscellaneous Expenses $84.4 M 1.5%Personal Care $73.1 M 1.3%Personal Insurance $39.2 M 0.7%Reading $12.4 M 0.2%Shelter $1.16 B 20.6%Tobacco $37.3 M 0.7%Transportation $1.07 B 19.1%Utilities $436 M 7.8%

Educational Attainment (2016)Adult Population Age 25 Years or Over 195,549Elementary (Grade Level 0 to 8) 5,603 2.9%Some High School (Grade Level 9 to 11) 17,397 8.9%High School Graduate 58,293 29.8%Some College 54,783 28.0%Associate Degree Only 16,582 8.5%Bachelor Degree Only 26,437 13.5%Graduate Degree 16,455 8.4%

body Shop Detroit, MI (Wayne County)

Demographic Source: Applied Geographic Solutions 10/2016, TIGER Geography page 5 of 5©2017, Sites USA, Chandler, Arizona, 480-491-1112

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EXPANDED PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 42.4147/-83.2820RF5

5 mi radius

Units In Structure (2010)1 Detached Unit 94,770 79.6%1 Attached Unit 4,066 3.4%2 to 4 Units 3,415 2.9%5 to 9 Units 4,293 3.6%10 to 19 Units 3,441 2.9%20 to 49 Units 3,077 2.6%50 or More Units 4,539 3.8%Mobile Home or Trailer 1,442 1.2%Other Structure 2 -

Homes Built By Year (2010)Homes Built 2005 or later 1,943 1.6%Homes Built 2000 to 2004 3,832 3.2%Homes Built 1990 to 1999 7,173 6.0%Homes Built 1980 to 1989 6,814 5.7%Homes Built 1970 to 1979 12,587 10.6%Homes Built 1960 to 1969 15,433 13.0%Homes Built 1950 to 1959 37,480 31.5%Homes Built Before 1949 33,783 28.4%

Home Values (2010)Home Values $1,000,000 or More 288 0.4%Home Values $500,000 to $999,999 650 0.8%Home Values $400,000 to $499,999 590 0.7%Home Values $300,000 to $399,999 2,023 2.5%Home Values $200,000 to $299,999 7,838 9.7%Home Values $150,000 to $199,999 13,579 16.9%Home Values $100,000 to $149,999 20,436 25.4%Home Values $70,000 to $99,999 15,871 19.7%Home Values $50,000 to $69,999 8,476 10.5%Home Values $25,000 to $49,999 6,583 8.2%Home Values Under $25,000 4,238 5.3%Owner-Occupied Median Home Value $116,566Renter-Occupied Median Rent $683

Transportation To Work (2010)Drive to Work Alone 98,328 84.7%Drive to Work in Carpool 9,096 7.8%Travel to Work by Public Transportation 2,990 2.6%Drive to Work on Motorcycle 80 0.1%Walk or Bicycle to Work 1,961 1.7%Other Means 635 0.5%Work at Home 3,019 2.6%

Travel Time (2010)Travel to Work in 14 Minutes or Less 21,409 18.9%Travel to Work in 15 to 29 Minutes 53,339 47.2%Travel to Work in 30 to 59 Minutes 33,438 29.6%Travel to Work in 60 Minutes or More 4,904 4.3%Average Minutes Travel to Work 22.8