New
Well Established Auto Repair, SMOG, and Brake & Light Inspection Shop With Real Estate - SC2166
Well Established Auto Repair, SMOG, and Brake & Light Inspection Shop With Real Estate - SC2166
This Northern California based auto repair business is a California Sole Proprietorship that has been in operation for the past 41 years, since 1983, under ownership of the founder. Located in Northern California, they service customers in an approximate 30-mile radius from their location. This shop is a full auto repair shop with 4 lifts, 1 alignment drive on and 2 alignment non-drive on’s just to mention some of the equipment they have. Their specialty is brake and light inspection, along with ASC and smog. The owner along with another employee hold the necessary certifications for the business.
Automotive repair and service refers to the maintenance and repair of different automotive services and parts, namely gear oil, engine oil, brake oil, and others. In this service, the auto repair technicians perform routine checks & services of vehicles and diagnose malfunctioning vehicles, identify issues, discuss various options with their customers, and find ways to fix them. Furthermore, it comprises companies that offer aftermarket maintenance and servicing of the vehicles to improve the life of the vehicle by replacing the vehicle products such as tires, batteries, wear & tear parts, air filters, cabin filters, oil filters, wiper blades, collision body, starters & alternators, and others.
Financial Information
- Asking Price: $749,000
- Cash Flow: $70,000
- Gross Revenue: $450,000
- Down Payment: $749,000
Business Location
City: Northern California
State: California
Reason for Sale
Seller would like to retire.
Detailed information
Year Established: 1983
Home Based: No
Franchise: No
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Full-Time Employees: 2
Part-Time Employees: 1
Contractors: N/A
Owner Worked Hours/w: 30
Adjusted EBITDA: $54,000
Inventory Included: Yes
Inventory Value: $12,000
Monthly Rent: $2,500
Real Estate Available: Yes
Real Estate Included: Yes
Real Estate Value: $400,000
Building Size: 2900
FF&E Included?: Yes
FF&E Value: $400,000
Training/Support
The Seller is willing to provide training at 30 hours per week for 4 weeks for the new Owner. Additional training from current owner can be made available at a mutually agreed upon cost to the new Owner.
Market Outlook/Competition
The global automotive repair and service market was valued at $789.8 billion in 2021, and is projected to reach $1,656.21 billion by 2031, growing at a CAGR of 7.6% from 2022 to 2031. Growth can be obtained by developing a website (one does not exist) along with increasing marketing and advertising in general plus utilizing social media. They can also expand by specialization. They are currently specialized in the Toyota market and could further branch off into other specific brands.
Real Estate Description
The business operates out of 2,900 square feet with base rent of $2,500 per month on a month-to-month basis. The Sellers own the building, and it is currently offered as part of the sale for $400,000.
Listed By: Jane Roberto
Background information
Reference:
SC2166
Year established:
1983
Reason selling:
Seller would like to retire.
Finance
Sales:
$450,000
Profits:
$70,000
Operations
Employees:
Full-Time Employees: 2 Part-Time Employees: 1 Contractors: N/A
Equipment:
FF&E Included?: Yes FF&E Value: $400,000
Inventory:
Inventory Included: Yes Inventory Value: $12,000
Furniture fixtures and equipment:
FF&E Included?: Yes FF&E Value: $400,000
Premises
Facility:
Real Estate Available: Yes Real Estate Included: Yes Real Estate Value: $400,000
Square footage:
2900
Rent and lease terms:
Monthly Rent: $2,500
Location:
City: Northern California State: California
Opportunities
Growth:
Growth can be obtained by developing a website (one does not exist) along with increasing marketing and advertising in general plus utilizing social media. They can also expand by specialization. They are currently specialized in the Toyota market and could further branch off into other specific brands.
Market:
The global automotive repair and service market was valued at $789.8 billion in 2021, and is projected to reach $1,656.21 billion by 2031, growing at a CAGR of 7.6% from 2022 to 2031. Growth can be obtained by developing a website (one does not exist) along with increasing marketing and advertising in general plus utilizing social media. They can also expand by specialization. They are currently specialized in the Toyota market and could further branch off into other specific brands.
Price and terms
Price:
$749,000
Down payment:
$749,000
Financing:
Seller financing is not available at this time.
Training:
The Seller is willing to provide training at 30 hours per week for 4 weeks for the new Owner. Additional training from current owner can be made available at a mutually agreed upon cost to the new Owner.