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Auto Dealership

  • Status: Available
  • Price: $495,000

Houmehr 'Mike' Panoussi

License No:
DRE #01853627
Email:
mike@lbaweb.com
Office:
616-816-1141
Mobile:
661-816-1141
  • Listing No: 6373
  • Status: Available
  • Area: Los Angeles County
  • Price: $495,000

Description

Auto Dealership

Making Net Income $275,000

Used car dealership and auto repair shop in L.A. County.  Over 12 years at this location, turn-key. This is a deal that will NOT LAST. Take advantage of the built in customer base and epic location that has everything you need. The mechanic shop has 3 bays, 2 in ground hoists, 1
ELECTRIC hoist, coats tire machine, coats balance machine, 2 metal mechanic
work tables, 1 air compressor and more!
Previously they had a rental car business at this location which could be added
again to increase revenues. Owners are retiring and ready to sell -Inventory
TBD, not included in the purchase price.
Lease Expires January 2025, Buyer can obtain an extension upon approval of the
landlord. 1512 sqft BLDG, over 33K sqft LOT.
The dealership has a total of 3 bay’s. 1 repair shop, 1 Tire shop and 1 Balance
rotation shop with equipment fully functioning. The sales department is inside
and it’s 12×65 feet
In House Financing available.
Avg. Gross sales over $2,500,000 annually
Nets about average $275K annually. Rent is $7800/M

Business Information

Ownership Type: Corporation
Year Established: 2000
Year Purchased: 2000
Business Type: Auto Dealership
License(s) Required: Business
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 6373
Date Available: 06/30/2022
Reason For Sale: Other Interest

Financial Information

Annual Total:
2,500,000
Revenue:
Annual Net Income:
275,000
Inventory:
Monthly Payroll:

Lease Information

Base Rent:
7,800/m
Lease Expires:
2025
Lease Option:
Can Be Given upon approval
NNN:

Financing Information

Down Payment:
Owner Will Carry:
Other Finance:
Terms:

Contact Us

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