Location: Ventura County
Listing ID: 02252001
Total Sales: $634,000
Cash Flow: $88,000
Lender Pre-Qualified?: Yes
Reason For Sale:
Training & Support:
Seller will provide a minimum of 2 weeks of training and additional telephone support to ensure a smooth transition.
Broker No.: 02051898
Year Established: 1991
2,000+ square foot building with four service bays (four lifts), parts storage areas and customer reception area. Interior and exterior customer parking. Fully equipped with the latest technology for a wide range of European import automotive repairs, diagnostics and preventive maintenance. Long-term lease with an option to renew for the buyer.
Are you looking for an amazing opportunity to purchase an independent auto repair center with annual sales that have averaged $913,000 for the past five years? Cash Flow has averaged $196,000 over this period. This profitable business with a loyal clientele of European vehicles affords an active owner/operator an excellent salary after debt service. Due to COVID-19, sales declined to $634,000 in 2020, with Cash Flow of $88,000, but have improved since the challenging initial spring months during the Stay at Home order.
The Business is well established with 30 years of goodwill, excellent reputation for customer service, huge customer base, exceptional web site, and 83 of 85 five-star Google internet reviews. The Business comes 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, transmission service, air conditioning, factory level diagnostics, and heating and cooling. The building has four service bays (four lifts), with an area for parts storage, attractive customer reception area and interior/exterior parking. Experienced employees with extensive knowledge of European vehicles 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 property owner will provide a long-term lease with an option to renew for the buyer.
The Asking Price for this profitable Business is $325,000, plus $6,500 in inventory. 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. The Business may qualify for 90% Bank/SBA financing to a qualified Buyer who has a $35,000 down payment . 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 SBA guidelines). This program of providing free payments for six months is a great benefit to a Buyer acquiring a business.
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 with leveraging social media and further expanding the import brands that are serviced.
Financing available for a qualified buyer