Very Profitable European Auto Repair Business- SBA Pre-approval

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Asking Price:
$430,000

Gross Revenue:
$746,000
Cash Flow:
$242,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$1,000
included in asking price

FF&E:
$122,000
included in asking price

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Business Description

"We have all the business we can handle without hiring more people" says the owner of this Sierra Foothills automotive repair business. Established since 2005, this upscale European shop has shown tremendous growth in revenue and earnings, and has a very loyal customer base of approximately 3000 customers. Sellers estimate repeat business and referrals account for 70% of their business.

Specializing in European brands including Audi, BMW, Jaguar, Land and Range Rovers, Mercedes Benz, Mini Cooper, Porsche, Saab, Smart, Volkswagen, Volvo, and Fiat automobiles.

Strong website and social media presence including a 5-star Yelp rating!

With approximately 5001 sq. ft. of space, this shop is really well equipped with $122K worth of high tech equipment (fair market value) including seven lifts, two smog machines, Ravegnoli alignment machine, Nussbaum and Hunter alignment racks, brake lathe, scopes for VW/Audi, BMW, Mercedes, Volvo, and much more. The lease is very favorable with gross rent of $2537 per month.

Sales have grown consistently to over $746K for 2017, with earnings of $242K. These results with the sellers and two full time mechanics and one part time office administrator. This opportunity is ideal for a master mechanic who is looking to own their own auto repair business, or business partners (spouses) who could split duties. A solid background in automotive repair is required. Another ideal buyer would be a current shop owner looking to relocate from Sacramento or the SF Bay Area for a better quality of life.

The seller is motivated as they are looking to retire from the business and relocate. List price is $430,000 which includes inventory and equipment.

The business is SBA pre-approved with a 10% down payment for a qualified buyer.
Please contact Ron Schwab at 925.304.2175 or email ronschwab1@gmail.com for additional information.

About the Business

Year Established:
2005
Number of Employees:
5
Real Estate:
Leased
Building Sq. Ft.:
5,001
Lease Rate/Sq. Ft./Mo.:
$2,537.00
Lease Expiration:
2/28/2021
Facilities:
Large shop with 7 lifts, latest technology for European vehicles, nice customer waiting room.
Market Outlook/
Competition:
Top European provider in their market. Seller states approximately 70% of business is repeat and/or referral. Great location downtown.
Growth & Expansion:
Great upside for growth oriented buyer willing to hire additional technician and/or service writer.
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About the Sale

Reason For Selling:
Retiring and relocating.
Training/Support:
Seller will provide 2 weeks of training at no charge.
Seller Financing:
SBA Pre-Approval with 10% down

Listing Info

ID:
1486826
Ad Detail Views:
553

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Business Listed by

Ron Schwab

Nor Cal Business Sales
License# 01716123

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