$2,500,000
Auto Repair
- Status: Sold
- Price: $385,000
Greg Davis
- License No:
- DRE #01375612
- Email:
- greg@lbaweb.com
- Office:
- 925-932-2450
- Mobile:
- 925-932-2450
Description
Auto Repair & Service
Asking Price $385,000
Annual Gross Revenue $840,000
Annual Net Income $200,000
$77,000 cash down with SBA financing available
Great Return On Investment
This is a great business opportunity particularly for its growth potential. This auto service and repair shop has been profitably serving a specific high-end clientele for over 16 years. There are 5 lifts with 3 full time techs and they are doing over $70,000 monthly. There is room for 2 more lifts, and the addition of 2 more techs could increase revenue 30-40% plus, there is an underserve niche that this location is poised to fill which could increase revenue another 40%. Currently, net income , per owner, is about $200,000. Rent is $8,725 per month including NNN for 6,000sqft. space. Lease is good through 2025 with options to renew. Landlord started the auto service business here and wants to see it continue.
Business Information
Ownership Type:
Partnership
Year Established:
2005
Year Purchased:
2015
Business Type:
Auto Repair
License(s) Required:
Business
Hours of Operation:
8.00am-5.00pm /5 x days a week
Business Relocatable:
No
Business Is A Franchise:
No
Home Based:
No
Broker To Broker CoOp:
No
Office Listing Number:
4066
Date Available:
12/08/2021
Reason For Sale:
Other Business Interest
Financial Information
- Annual Total:
- 847,200
- Revenue:
- Annual Net Income:
- 200,000
- Inventory:
- Monthly Payroll:
Lease Information
- Base Rent:
- 8,075
- Lease Expires:
- 2025
- Lease Option:
- 1 x 2 years option
- NNN:
- Included
Financing Information
- Down Payment:
- Owner Will Carry:
- Other Finance:
- Terms:
Contact Us
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