Primary Category:Auto Repair & Service Shops for Sale
They do everything except body, paint and upholstery work. This is an excellent opportunity with more upside potential. Business is located in one of Central California's finest communities.
This Automotive Repair Service is a well-established profitable business with a good reputation, and prides itself on being up to date with the latest technology in the industry. Including EV's.
The owner has positioned this business for a sale by hiring and training its employees to support a new owner. He will train the new owner and will remain with the Business as a paid employee if desired.
The Business is equipped with 8 Bays, 4 above ground lifts in the 2,400 square foot building, two outside the building and two bays with no lift in the smog area. The Star rated smog and repair station acts like a funnel to bring business into the repair shop.
It has an extensive Furniture Fixtures and Equipment List valued by the owner at approximately $173,000. The real estate valued at $490,000 is available for purchase or lease. Business qualifies for SBA Financing, for a qualified buyer.
This a ready to go money making machine and you get out of the rat race and live in one of the nicest communities in California.
Financial Information
$449,000
Asking Price
$170,000
Cash Flow
$964,000
Gross Revenue
On request
Down Payment
Business Location
City:
Central California Mountain Community
State:California
Reason for Sale
Retirement
Detailed information
Year Established:2001
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:Yes
Full-Time Employees: 9
Part-Time Employees:N/A
Contractors:N/A
Owner Worked Hours/w:N/A
Adjusted EBITDA:
On request
Inventory Included: Yes
Inventory Value:
On request
Monthly Rent:
On request
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value:
$49,000
Building Size: 2994
FF&E Included?: Yes
FF&E Value: $173,000
Training/Support
Seller will provide training and orderly turnover to the new owner.
Facilities
The Subject property is located in Central California. According to the public record the lot is 18,730 sq. ft. and the improvements are 2994 sq. ft. consisting of a 594 sq. ft. building built in 1922 and a 2400 sq. ft. building built in 1925. There is also a 15'X10' building with two bathrooms, two metal sheds and a large carport. It is presently being used by the owner as an automobile repair and smog shop. I verified the zoning, and it is T-5 Downtown, the present use complies with the zoning but a new buyer should verify that with the City planning department.
Market Outlook/Competition
The Business has grown an average of 5% annually over the last 3 years, new automobiles have increased in cost and interest rates are higher causing more people to keep their cars longer. Older cars need more repairs.
Save