$49,000.00
Asking Price
Address: Los Angeles,
Status: Active
Posting ID: 285957
4/2/24
Description
1. Store size: 3,800 sf
2. Business hours: 8am~6pm(Mon~Sat), 8:30~3:30(Sun)
3. Rent & Increase: $3,750(Include CAM), $150 per year
4. Lease & Deposit: New lease(Month to month now), One month rent fee
5. No. of Employee: F 1, P 1($5,000)-->Delivery & Labor job
6. How long owner work per week: Full time
7. How long Estab: 40 years
8. How long current owner: 06/2004
9. Reason for sale: Retired
10. Monthly Gross sale: $40,500
11. Monthly Net income: $12,550
12. Asking price: $49,000+Inventory(Estiame $150,000)
13. Comment:
This is an auto supply shop that has been operating in one location for over 40 years located in Los Angeles with over 85% of walk-in clients and a very high cash flow about 95%. Not much delivery with easy and simple operation, no hardship for managing employees as they are long time experienced.
Except selling parts, they do labor jobs like changing bearings, struts, ball joints, bushings, surfacing rotors and drums which makes good profits. Due to these kind of labor, they can sell the related parts easily. They have all machines and tools for these labor jobs.
There are two mechanics in parking lot and the most of their clients purchase the parts from their store. This means sales are very steady and guarantee basic sales at least. Also, there are lots of chances to increase the sales as there are a lot of repairs shops around store.
Owner do not give credit that much to repair shops and therefore, if a new owner deal well with them, the sales amount will grow significantly.
Although the current owner started with no experience, he has been running the business without any problems for 20 years. Even if a new person has no experience, the current owner will provide good training and I don't think there will be any problems in running the business.
In the last four years, owner updated lot of parts which are more sellable and added new parts.
99% latino clients.
Inventory is expected to be approximately $150,000. The exact thing is that on the day of escrow closing, the inventory company will be called and counted.
Must see!
To get more information about this Auto Supply Shop - One Location For 40 Years business for sale in Los Angeles please phone Sinclair Kim (Intermediary, Agent - BRE License #:02074829) at 714-926-1556 Cell and 714-926-1556 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #285957 on BizBen.com. In addition to phoning Sinclair Kim, make sure you email Sinclair Kim above to get more info about this Auto Supply Shop - One Location For 40 Years, to ask any questions or request an appointment to see this business for sale. Thank you. License # 02074829. Tree Realty.
Contact
Details
Asking Price: $49,000.00
Down: Call/Email
Cash Flow: $150,600.00
Revenue: $486,000.00
Area: Los Angeles
City: Los Angeles
Attributes:
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