Import Auto Repair – Whopping $405,000 Cash Flow
Price: $1,645,000
Location: Alameda County
Listing ID: 08312001
Every once in a while, a truly rare opportunity becomes available for sale to a highly qualified Buyer who is seeking an auto service business with exceptionally high sales and profits. This high-end, San Francisco Bay Area import specialist exceeds new car dealer standards for customer service, facilities, and Internet reviews. Sales of $1,327,400 generate a whopping $405,000 in Cash Flow, affording an active owner/operator a lucrative salary after debt service.
The Business is fully staffed with an experienced Service Manager and 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.
The Business is well established with over forty years of goodwill, fantastic Internet reviews and loyal clientele. Located in an affluent area of Alameda County, the Business has built an excellent reputation for providing cost-effective personalized service as an alternative to the expensive car dealerships.
The large, 7,500 square foot nine-bay shop comes complete with the state-of-the-art equipment required to run a high-end import auto repair business, including diagnostics, engine performance, brakes, oil change, steering and suspension, starting and charging, and heating and cooling. Experienced, highly trained Service Advisors and Master Technicians 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 profitable Business is $1,645,000, plus $5,000 in inventory. The Business qualifies for 90% Bank/SBA financing, so a down payment of approximately $175,000 will be required from a qualified Buyer. Under the CARES Act II, Congress has provided funding to waive all SBA guarantee fees and cover the first six months of Bank/SBA payments, up to $9,000/month, 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 six months is a great benefit to a Buyer acquiring a business. A long term lease at market rent is available.
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.
Listing Details
Total Sales: $1,327,400
Cash Flow: $405,000
Inventory: $5,000
Reason For Sale:
Pursue other interests.
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: 1979
Employees: 5
Location
Facilities Information:
Immaculate and well-organized 7,500 square foot facility with nine bays/lifts, including alignment. Fully equipped with the latest technology for a wide range of auto repairs, diagnostics, and preventive maintenance services for multiple brands of import luxury vehicles.
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 leveraging social media, expanding hours, and pursuing fleet business.
Financing/Terms:
Qualifies for 90% Bank/SBA financing.
Under the CARES Act II, Congress has provided funding to waive all SBA guarantee fees and cover the first six months of Bank/SBA payments, up to $9,000/month, 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 six months is a great benefit to a Buyer acquiring a business. A long term lease at market rent is available.