Auto Repair & Tire Center – Huge $711,000 Cash Flow

Total Sales: $2,800,000

Cash Flow: $711,000

Inventory: $75,000

Lender Pre-Qualified?: Yes

Reason For Sale:

Retiring.

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.

Year Established: 1987

Employees: 12

Square Footage: 5,000

Facilities Information:

Well-organized 5,000+ square foot facility with 10 service bays, including alignment. The shop services an average of 37 cars/day and is equipped for a high volume of tire sales, wheel balancing and alignment, along with full-service automotive repairs and preventive maintenance.

Historical Summary:

Are you looking for an amazing opportunity to purchase an independent auto repair and tire center with 2021 sales of $2,800,000, an increase of 23.4% over the prior year? This highly profitable Business generated $711,000 in Cash Flow, affording an active owner/operator a lucrative salary after bank payments. The Santa Cruz Area Business is well established with over 30 years of goodwill, excellent reputation for customer service, 4.5 rated Google and Yelp reviews, and a loyal clientele.

The Business is fully staffed with an experienced General Manager, three Service Advisors and nine Technicians. Deemed an essential business, the auto center remained open during the COVID-19 Shelter in Place in 2020 and sales surged in 2021 from pent-up demand.

Located in affluent Santa Cruz County, the Business has built an excellent reputation for providing cost-effective personalized service of all makes and models of cars and light trucks. 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 $2,125,000, plus $60,000 in inventory. The Business qualifies for 90% Bank/SBA financing, so a down payment of approximately $220,000 will be required from a qualified Buyer. The Buyer will receive an advantageous new long-term lease of the facility. The owner will consider a sale of the valuable commercial real estate.

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 Santa Cruz County coastal community.

Competition:

Honest, personalized service and consistently positive internet reviews have enabled the Business to gain new customers while retaining its long-term loyal clientele.

Potential Growth:

Local owner/operator could grow the business by leveraging social media, expanding hours, and expanding fleet services.

Financing/Terms:

Qualifies for 90% Bank/SBA financing.