Auto repair shop
Business Description
* The total size is approximately 4,500 sf, and business hours are from 8:00 AM to 6:00 PM, closed on Sundays. Current rent is $10,506 per month, with annual increases tied to CPI but capped at 5%. The lease is renewed annually, and the security deposit is equivalent to one month’s rent.
* The current owner has operated the shop since 1999 and is now selling due to retirement. There are no employees, and the owner works full-time by himself. Monthly gross sales average $18,000, with net income around $6,983.
* One key advantage is the stable rent structure. Out of the total rent of $10,506, the owner’s actual burden is only about $1,976 after receiving $8,530 in sublease income. Within the same building, the owner uses only 1.5 of the 4 service bays and subleases the remaining space. In addition, part of the adjacent building is also subleased, generating extra income.
* The sale includes equipment such as two hoists (7,000kg), one compressor, two smoke check machines, one tire machine, and one tire balance machine.
* The shop is equipped to provide a wide range of services, from basic maintenance such as oil and filter changes, brake service, tire rotation and balancing, battery checks, and fluid inspections, to more advanced repairs including engine, electrical systems, A/C, and heating. Routine services such as spark plug and belt replacement, wheel alignment, and fuel system cleaning are also available.
* This is a retirement sale offering a strong opportunity with a stable sublease structure and a long, successful operating history.
* The current owner has operated the shop since 1999 and is now selling due to retirement. There are no employees, and the owner works full-time by himself. Monthly gross sales average $18,000, with net income around $6,983.
* One key advantage is the stable rent structure. Out of the total rent of $10,506, the owner’s actual burden is only about $1,976 after receiving $8,530 in sublease income. Within the same building, the owner uses only 1.5 of the 4 service bays and subleases the remaining space. In addition, part of the adjacent building is also subleased, generating extra income.
* The sale includes equipment such as two hoists (7,000kg), one compressor, two smoke check machines, one tire machine, and one tire balance machine.
* The shop is equipped to provide a wide range of services, from basic maintenance such as oil and filter changes, brake service, tire rotation and balancing, battery checks, and fluid inspections, to more advanced repairs including engine, electrical systems, A/C, and heating. Routine services such as spark plug and belt replacement, wheel alignment, and fuel system cleaning are also available.
* This is a retirement sale offering a strong opportunity with a stable sublease structure and a long, successful operating history.
About the Business
- Years in Operation
- 40
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 4,500
About the Sale
- Seller Motivation
- Retirement
- Financing Options
- Full cash
Listing Info
- ID
- 2423442
- Listing Views
Listing ID: 2423442 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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