Auto Repair & Tire Center – Average $716,400 Cash Flow
Location: Contra Costa County
Listing ID: 02232101
Total Sales: $3,042,400
Cash Flow: $523,323
Lender Pre-Qualified?: Yes
Reason For Sale:
Training & Support:
Seller will provide a minimum of 2 weeks of training at 30 hours/week and additional telephone support to ensure a smooth transition. With Seller training and an experienced crew, no prior automotive background is required.
Broker No.: 01488246
Year Established: 1990
Immaculate and well-organized facility with over 15 service bays, including alignment. The shop is equipped for a high volume of tire sales, wheel balancing and alignment, along with full-service automotive repairs and preventive maintenance.
Are you looking for an amazing opportunity to purchase an independent auto repair and tire center with annual sales that have averaged over $3,244,400 over the past three years? This highly-profitable Business averaged $716,400 in Cash Flow, affording an owner/operator a lucrative salary after bank payments. The San Francisco Bay Area Business is well established with over 30 years of goodwill, excellent reputation for customer service, 4.6 rated Google reviews, and a loyal clientele.
The Business is fully staffed with an experienced Service Manager, Service Advisor and multiple Technicians. Deemed an essential business, the auto center remained open during the COVID-19 Shelter in Place and sales are steadily rebounding from pent-up demand.
Located in an affluent area of Contra Costa County, the Business has built an excellent reputation for providing cost-effective personalized service of all makes and models of vehicles for retail customers and fleets. The spacious shop comes complete with the tire and automotive equipment required to run a full-service auto repair business, including alignment, CA Smog Checks and total car care. Services including diagnostics, engine performance, brakes, oil change, steering and suspension, starting and charging, and heating and cooling. Experienced, highly trained staff will support an entrepreneurial new owner who wishes to further grow the business. The Seller will provide training and support during the transition period.
The Asking Price for this highly profitable Business is $2,495,000, plus $60,000 in inventory. The Business qualifies for 90% Bank/SBA financing, so a down payment of approximately $270,000 will be required from a qualified Buyer. The Buyer will receive an advantageous new long-term lease of the facility.
Under the CARES Act II, Congress has provided funding to waive all SBA guarantee fees and cover the first three months of Bank/SBA payments, on transactions that close by September 30, 2021 (earlier if funding is depleted and subject to SBA guidelines). This program of providing free payments for three months (up to $9,000/month) is a great benefit to a Buyer acquiring a business.
With a great reputation for quality, convenience and trusted service, this Business offers a Buyer a unique opportunity to control your own destiny and realize your dreams of owning a respected business in a prosperous Bay Area community.
This opportunity is being offered through Empire Business Solutions – DRE#01488246.
Honest, personalized service and consistently positive internet reviews have enabled the Business to gain new customers while retaining its long-term loyal clientele.
Local owner/operator could grow the business by leveraging social media, expanding hours, and adding detailing services.
Qualifies for 90% Bank/SBA financing