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Orange County, California
Beach City Auto Repair S. O.C. Revenues $513,190 Adj. Profit $192,881 Est. 20 Years. MUST BE A MECHANIC
Asking Price
$299,000
Revenue
$513,190
Down
$250,000
Cash Flow
$192,881
Description
OWNER IS A MECHANIC TOO. Buyer MUST BE A MECHANIC OR HIRE A MANAGER MECHANIC. Business is not an absentee business.
Business Details
Year Established:
21
Employees:
1
FE&E:
$15,000 Estimated Value
Reason for sale:
Retirement
Support & Training:
Full Training and Support
Property Information
Size in Square Feet:
3,300 sqft
Lease Terms:
$1.56 Per Square Foot Plus CAM and taxes
Lease & Tenant Information
Lease Options:
$6,800
Posting Information
Posting ID:
9900188
Business Category:
Automotive & Vehicle
Business Types:
Auto Repair
Attributes:
Owner/Seller Financing
Training And Support
Non-Disclosure Agreement
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Posting Title
Beach City Auto Repair S. O.C. Revenues $513,190 Adj. Profit $192,881 Est. 20 Years. MUST BE A MECHANIC
Posting ID
#9900188
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Agent, Broker or Seller Contact
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Orange County, California
Beach City Auto Repair S. O.C. Revenues $513,190 Adj. Profit $192,881 Est. 20 Years. MUST BE A MECHANIC
$ 299,000
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Domestic and Foreign Automotive Repair. The Company was established in 2004 at its current location and is primarily engaged in the business of Automotive Repair and is located in a beach city in South Orange County. The owner is retiring. Two year average revenues are $513,190 and two year adjust profit is $192,881. One mechanic is employed and wages are $4,800 per month. Hours are Monday-Friday - Showroom hours: 7:30 a.m. to 5:30 p.m. PRICE/TERMS: Asking $299,000. Inventory & Equipment are included. Asking Price based on estimated inventory value (FMV) of $4,750. Final Purchase Price will be adjusted based on actual verified inventory value at time of closing. Down Payment: $250,000. Note: $49,000 for 3 years at 6% fully amortized. This Company has a long-term track record with great customer reviews, sales and profits. Competition is stable. Growth could be encouraged by increasing direct marketing efforts, online sales presence and online marketing. The best candidate for this business will be someone with a technical background in automotive repair as well as in business who can take this loyal customer base and grow the business through social media and other advertising methods. The business currently generates sufficient income to support the owner and one full-time mechanic with no social media footprint or advertising. The business has grown 100% through word of mouth and loyal customers over the last 21 years. OWNER IS A MECHANIC TOO. Buyer MUST BE A MECHANIC OR HIRE A MANAGER MECHANIC. Business is not an absentee business.
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