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Automotive Repair Shop

  • Status: Available
  • Price: $350,000

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: $350,000

Description

Repair Business

Making $225,000 Net Income

This well-established Automotive Shop has been in business since 1988. The owner has been very successful in his shop and claims he has made good money during all these years and he is ready to retire and travel around the world!

The repair shop is on a 2,200sqft. space with Base Rent of $4,414/m There is one more year left on the lease and landlord is willing to give a good lease with options to qualified investor. there is one full time employee with monthly payroll of $4,900. There are 3 x Bays and  3 x Lifts above the grounds. Owner claims his Net Annual Income is about $225,000 without any employee and with one technician he claims his Net Income is $125,000

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:
180,000
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:
Owner Will Carry:
Other Finance:
Terms:

Contact Us

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