European Car Repair Specialists – 2 Profitable Locations
Price: $750,000
Location: Los Angeles County
Listing ID: 07031803
Are you looking for an amazing opportunity to purchase two independent European auto repair centers with combined annual sales of $1,381,000 and cash flow of $243,500 to an active owner/operator?
The two high-end facilities in Los Angeles County are operated by a semi-absentee owner, which are available for sale individually or together as a package deal.
The Businesses are well established with over eight years of goodwill, fantastic internet reviews, and an affluent loyal clientele, drawing primarily in the South Bay and West Los Angeles area. Both are located on major boulevards with high traffic counts and are within walking distance of an expansive mall or local stores. They have built an excellent reputation for providing cost-effective personalized service as an alternative to the expensive European car dealerships.
The Businesses come complete with the state-of-the-art equipment required to run a high-end import auto repair business, including brakes, oil change, engine performance, steering and suspension, starting and charging, and heating and cooling. Experienced, long term employees, including a Service Manager and skilled technicians at each store, 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 combined Asking Price for both profitable Businesses is $750,000, plus $50,000 in inventory. The Business may qualify for 80% Bank/SBA financing.
The Seller is motivated to retire after building two successful businesses that operate smoothly with limited supervision. 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 the community.
Listing Details
Total Sales: $1,381,000
Cash Flow: $243,500
Inventory: $50,000
Lender Pre-Qualified?: Yes
Reason For Sale:
Retirement
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.: DRE#01488246
Operation
Year Established: 2010
Employees: 7
Location
Square Footage: 5,000 & 2,720
Facilities Information:
Immaculate and well-organized facilities (5,000 sq ft – 8 bays and 2,720 sq ft – 5 bays), parts storage areas, and customer reception area. Fully equipped with the latest technology for a wide range of European import automotive repairs, diagnostics and preventive maintenance. Long term leases with attractive terms.
Summary
Competition:
Honest, personalized service and consistent five-star 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 further expanding the import brands that are serviced and outside sales promotion to body shops and fleets.
Financing/Terms:
May qualify for 80% Bank/SBA financing.