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Covina, Los Angeles County, California
General Mechanic shop.
Asking Price
$150,000
Revenue
Call/Email
Down
$150,000
Cash Flow
Call/Email
Description
Free standing building (shared w/another tenant) located on the most traveled Blvd in the city. This well-established venue is a turnkey business with a second floor of living spaces. It has a high ceiling, 3 rollup/down doors, 7 lifts (1 for alignment, 1 for brake jobs, 1 sixteen ton for trucks, and 4 standard lifts) and room for 8 cars inside. Bldg. size is 4,880 SF, consists of downstairs waiting and office area, another back office, one bathroom, large show room, clean/comfortable furnished waiting area w/TV &Wi-Fi, and an upstairs that has 2 offices or bedrooms, a living area, storage, cabinets, counters, refrigerator and a bathroom with sink and shower. Shop is fully equipped for general automotive service and repair. Currently it is run by seller and 3 mechanics. Rent is $6,823/MO, payroll $10,799, utilities $1, 150, and the gross annual sales are $511,879as per seller statement. The seller does not engage in any active marketing; he relies on his large clientele base, the word of mouth and his great reputation to provide the highest quality service. A considerable source of his income is generated from more than 10,000 customers’ data base, and a busy used cars dealer as well as his contracts with 2 used cars insurance companies that provide him with constant flow of business. This venue is sitting on a 34,977 SF lot, with over 20 parking spaces, plus streets. It has an exceptional room for growth and profit upside with additional technicians. A new savvy buyer can put together a good marketing plan using social media, offering specials, coupons, free inspections etc. to bring this establishment to its full potential. This is a unique opportunity that you have to see it to appreciate it. All equipment (list on file), furniture, and fixtures are included in the sale price. This is a rare opportunity in desirable Covina city will not last long. Health reason is forcing sale. Listing agent does not guarantee the accuracy of the income, expenses information or other information concerning the business provided by seller, or obtained from public records, or other sources. Buyer is advised to independently verify the accuracy of above information through personal inspection and with appropriate professionals
To get more information about this General Mechanic shop. business for sale in Covina, California please contact Michael Raad (Broker - BRE License #:00984305) at michaelr@bhhsgolden.com or +16262154563
Business Details
Year Established:
2010
Employees:
3
Reason for sale:
Health reason.
Support & Training:
Seller will provide new buyer with training to secure a smooth sale transition.
Lease & Tenant Information
Lease Options:
$6,834
Posting Information
Posting ID:
3727738
Business Category:
Automotive & Vehicle
Business Types:
Auto Repair
Attributes:
Training And Support
Non-Disclosure Agreement
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Posting Title
General Mechanic shop.
Posting ID
#3727738
Full Name (Required)
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NDA Signed Successfully!
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Agent, Broker or Seller Contact
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