Semi Absentee Automotive Maintenance Business in Northern California - SC2097

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Semi Absentee Automotive Maintenance Business in Northern California - SC2097

Listed by Business Broker
Semi Absentee Automotive Maintenance Business in Northern California - SC2097

Asking price $749,000


Cash Flow: $350,000

Gross Revenue: $1,200,000

EBIT DA: No Data

FF&E: $150,000

Inventory: $10,000

Established: 1991

Type: Independent

Business listed by:
Brett Sargent
Sunbelt Business Brokerage of Sacramento

Business Description:

This Northern California-based automotive maintenance business is a Sole Proprietorship and was formed approximately 30 years ago and has been servicing foreign and domestic cars ever since. This business offers a full and wide range of services for vehicles, including repair, overhaul or replacement of numerous items including brakes, fuel injectors, engines, air conditioning, drivelines, axles, timing belts…and the list goes on. They provide all the normal maintenance services for vehicles (30,000, 60,000 and 90,000). They are also a California Certified Smog Station and STAR Certified by the California Bureau of Automotive Repair. They are also AAA-approved. They have all of the latest technology for computerized cars but also the equipment to service older cars.
Competition Description
There is competition in the market, but this business specializes in several makes of cars, in particular Japanese cars which allows them to be specialized and broad-based at the same time.
Growth & Expansion
Growth can be obtained by increasing more digital marketing into their current marketing program. They currently market with newspaper advertising, internet, and yellow pages, as well as radio advertising. Hiring more mechanics would also allow for increased throughput. They do have a large established client base and continuously add customers. The cost of new and used cars has increased through time, driving more individuals to keep their cars and repair them.
Financing Comments
Seller financing is available up to 25% of the purchase price, provided no other loan
Support & Training
The Seller is willing to provide training at 30 hours per week for 4 weeks for the new Owner. Additional training can be made available at a mutually agreed upon cost to the new Owner.
They operate out of 2,800 square feet of space with a base rent of $2,227. The current lease expires in February 2024 and there is an option for another 4 years on the lease. There are 4 bays at the location.
Reason for Selling
The Seller is selling to retire.
Year Established: 1991
Home Based: No
Franchise: No
Relocatable: No
Real Estate Included: No
Real Estate Available: No
Real Estate Value: N/A
Part-time Employees: N/A
Fulltime Employees: 4
Days Open: Monday - Friday
Operating hours: 7:30 AM to 5:30 PM
Monthly Rent: $2.2k
Building Size: 2800

Broker: ProEquity Asset Management Corporation License ID: 01870526

Selling Reason:

The Seller is selling to retire.

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