Search

Auto Glass

  • Status: Available
  • Price: $425,000

Arka Kargodorian

License No:
DRE #01472435
Email:
arka@lbaweb.com
Office:
925-932-2450
Mobile:
925-932-2450
  • Listing No: 4035
  • Status: Available
  • Area: Alameda
  • Price: $425,000

Description

This is a 9-year-old established auto glass shop located on the major commercial road of an upscale city in the East Bay with full visibility from the street.  It consists of two bays, a waiting room, and lots of parking.

It operates without the necessity of the owner’s presence with an extremely well-trained front person who makes $35.00/hr plus some overtime pay, a master technician who also makes $35.00/hr plus some overtime pay plus $10.00 bonus/car plus the use of the shop van, and a second technician who makes $15.00/hr with some overtime pay.  The owner can literally go on vacation for two months and the shop will run on its own!

The average monthly gross sale for the past 4 years (excluding 2020 for obvious reasons) is about $73,000.00 with a net profit to the owner of over $200,000.00 per year.  The shop has many referrals, repeat customers, and plenty of potential.  The seller is willing to carry about $90K for 2 years with 6% interest.

There is one other auto-related tenant next door who also has two bays and a waiting room. The property (consisting of a total of 4 bays and 2 waiting rooms) is for sale, if the buyer wishes, for $1,750,000.00.  If the buyer only wants to buy the business, the rent will start at $5K/month with yearly 3% increases.  The lease will be for 5 years plus a 5-year option period.

The buyer will do a stock sale and inherit all the permits, licenses, insurance approvals, etc.  The goal is to sell a true turn-key operation even to an absentee owner.

The seller will train the buyer on-site for 2 weeks at no charge and will be available to consult at no charge by phone for an additional 2 weeks.

Business Information

Ownership Type: Corporation
Year Established:
Year Purchased:
Business Type: Auto Glass
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: 4035
Date Available: 10/13/2021
Reason For Sale: Pursue other opportunities

Financial Information

Annual Total:
876,000
Revenue:
876,000
Annual Net Income:
200,000
Inventory:
Monthly Payroll:

Lease Information

Base Rent:
5,000/m
Lease Expires:
2026
Lease Option:
1 x 5 years Option
NNN:

Financing Information

Down Payment:
Owner Will Carry:
$90,000
Other Finance:
Terms:
For two years with 6% interest.

Contact Us

    RELATED PROPERTIES

    $2,500,000

    Gas Station and Mart

    Alameda County
    $150,000

    Franchise Pizza Restaurant

    Contra Costa County
    $900,000

    Liquor Store

    Alameda County