Auto & Truck Repair - Nets $176,000

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Auto & Truck Repair - Low Rent - Nets $176K - Owner Retiring
Asking Price:
$249,000

Gross Revenue:
$716,731
Cash Flow:
$176,685
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$2,500
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

This profitable repair shop has been servicing East Bay cars and trucks for nearly 50 years. The current owner bought it in the ‘70’s and is ready to retire. The business has built up a loyal following over the years and has several accounts including a used car dealership. Parts are ordered online and delivered daily so inventory is kept to a minimum. The business uses All Data, Info Max and Indentifix software which keep the operation running smoothly. This would be a great opportunity for a mechanic looking for his own place. The shop is centrally located, has a great reputation and very reasonable rent. The business has been pre-approved for SBA financing with $60,000 down.

About the Business

Location:
Alameda County, California
Year Established:
1972
Number of Employees:
3 f/t
Real Estate:
Leased
Building Sq. Ft.:
9,100
Rent:
$2,600.00 Per Month
Lease Expiration:
2/29/2020
Facilities:
Premises has two separate shops. Both are approximately 4,500 sq. ft. A new three year lease and three year option is available. The landlord may consider selling the property.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Four weeks at 30 hours per week

Listing Info

ID:
1657885
Ad Detail Views:
0

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Business Listed by

Bob Brooks

Bay Area Business Brokers
License# 00805283

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