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Automotive Repair Shop

  • Status: Available
  • Price: $250,000

Jack Nguyen Bui

License No:
DRE #02156584
Email:
jack@lbaweb.com
Office:
925-932-2450
Mobile:
925-718-7180
  • Listing No: 4153
  • Status: Available
  • Area: San Jose
  • Price: $250,000

Description

$225,000 NET PROFIT!! Only $50,000 DOWN!!

This well-established Automotive Shop has been in business since 1988. It is in a high traffic area and is also right next to a large neighborhood. There is a busy car wash right next door which brings in many customers. The shop is  also very clean, organized, and well kept. Although the owner has been very successful and claims that he has made good money over the years, after working in the industry for 40+ years, he is finally ready and highly motivated to retire and travel the world.

This repair shop is on a 2,200 sq ft. space with a Base Rent of $4,414/m. There is one more year left on the lease but the landlord is willing to offer a good lease with options to any qualified buyer/investor. There is one full-time employee with a monthly payroll of $4,900. There are 3 x Bays and 3 x Lifts above the ground. The owner claims his Net Annual Income is around $225,000. By hiring a lead technician, the business can be owner absent with the Net Income still being around the $125,000 range (For all the investors out there). The books are available.

The owner is willing to provide 2 weeks of training, 20 hours per week.

This sale off the business will include high quality equipment with replacement parts and around $25,000 worth of inventory at no extra cost. (Email me for photos of equipment and a 3D tour)

This business is ideal for an auto mechanic who is ready to be their own boss.

Square Foot: 2,200 sq ft.

Rent: $4,441/m

Employees: 1 Full time

Hours: Mon-Friday 8 am-5 pm

Business Information

Ownership Type: Sole Proprietorship
Year Established: 1988
Year Purchased: 1988
Business Type: Transmission Repair
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: 4153
Date Available: 06/22/2022
Reason For Sale: Retiring

Financial Information

Annual Total:
Revenue:
Annual Net Income:
225,000
Inventory:
25,000
Monthly Payroll:
4,900/m

Lease Information

Base Rent:
4,414/m
Lease Expires:
2023
Lease Option:
New Lease
NNN:

Financing Information

Down Payment:
50,000
Owner Will Carry:
Other Finance:
Terms:

Contact Us

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