$2,500,000
Net income $260,000 SBA approved, low rent, prime location Auto repair shop
- Status: Available
- Price: $350,000
Lida Sadati
- License No:
- DRE #01825510
- Email:
- lida@lbaweb.com
- Office:
- (925) 932-2450
- Mobile:
- (925) 932-2450
Description
High Profit, Low Rent, Excellent Location with 25 years of customer retention Auto repair shop. Approx -/+ 3000 sq ft Auto Repair shop with $1500.00 rent was established 25 years ago. The location is a very nice newly developed area with lots of homes across the street. The garage is well Maintained with plenty of parking front and back. A roll up door, with four lifts. On hand inventory is approximately $6000.00 The location also has a loft area, right now used for storage. Nicely kept clean reception area. Per Tax returns for the seller, the Gross income 2023 is $497,000 and Net income is $227,000.
2022 Gross income for 536,000 –Net income 264,000.00.
2021 Gross income554,000.00— Net income 207,000.00
The lease has 4.5 years left on the lease. High marks on reviews. Owner is looking to retire and spend more time with the family.
Business Information
Ownership Type:
Sole Proprietorship
Year Established:
Year Purchased:
2000
Business Type:
Automotive
License(s) Required:
Business
Hours of Operation:
M-F 8-4:45 PM
Business Relocatable:
No
Business Is A Franchise:
No
Home Based:
No
Broker To Broker CoOp:
No
Office Listing Number:
4687
Date Available:
08/30/2024
Reason For Sale:
Retiring
Financial Information
- Annual Total:
- 497,000
- Revenue:
- Annual Net Income:
- 227,000
- Inventory:
- Monthly Payroll:
Lease Information
- Base Rent:
- 1,800
- Lease Expires:
- 6 yrs remaining
- Lease Option:
- 5 yrs option
- NNN:
Financing Information
- Down Payment:
- Owner Will Carry:
- Other Finance:
- Terms:
Contact Us
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