- Status: Available
- Price: $350,000
- License No:
- DRE #01472435
Serving the San Francisco Bay Area since October of 2012, this premium auto glass shop has been locally renowned for quality auto glass installations and exemplary customer service. The building was purpose built new and completed in 2012 – specifically tailored for this business. It consists of (3) bays, a reception office, ADA restroom, and plenty of parking. Located on the busiest and most popular street in this upscale East Bay neighborhood, it’s difficult to miss the highly visible corner location.
It operates without the owner’s presence with an extremely well-trained manager that runs the show. The owner literally goes on vacation for a month at a time as the shop runs on its own by a fully capable team.
Surrounded by great restaurants, coffee shops, bakeries, and a brewery, customers that decide to wait have many options to choose from. Setting itself apart, this shop quickly gained recognition for quality installations and friendly customer service. Above market rate pricing, as they don’t offer discounted rates and do not compete with the low-price operators. Commanding fair rates for their professional craft has been their mission since the beginning.
Having been an insurance partner since 2012, they do quite a bit of insurance work and pull customers in from many regional cities. This partnership alone comprises the bulk of the workflow. Due to location demographics, the vast majority of customer vehicles are late model and mostly Japanese or German – making jobs simple, clean, and straightforward. Although the vast majority of our work is completed on site, they do service important fleet accounts and complete mobile installations for insurance customers.
The average annual gross sales for the past 4 years (excluding 2020 for obvious reasons) is about $730,000.00 with a net profit to the owner of $150K to over $200K per year. The shop has many referrals, repeat customers, and plenty of potential. Several areas to grow the business in a simple manner exist and would be easily laid out for prospective buyers. Existing ownership has other investments and no time for expansion here as he is satisfied with the simple operation and existing cash flow.
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 5 bays and 2 waiting rooms). 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, and most importantly – insurance contracts, etc. The goal is to sell a true turn-key operation 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. The seller is highly motivated and willing to carry $100,000.00
- Annual Total:
- Annual Net Income:
- Monthly Payroll:
- Base Rent:
- Lease Expires:
- Lease Option:
- 1 x 5 years Option
- Down Payment:
- Owner Will Carry:
- Other Finance:
- For two years with 6% interest.