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For Sale: Franchise Tire And Mechanic Shop - Los Angeles County Area

NDA   |  

Current Status: Active     Posting #: 265834     Last Refreshed: 1/29/21    
Contact: Houmehr Mike Panoussi At 661-816-1141 Cell , 661-816-1141 Text  -  Also Email This Contact Below
Asking Price:  $1,500,000     Down Payment:  Call / Email     Annual SDC:  $350,000     Annual Gross:  $4,800,000    
Attributes:  Training & Support, Real Estate Available
One of a kind Franchise Tire Shop

Including Equipment and Inventory

* This is an amazing opportunity to buy and run this high performing and historical tire and mechanic shop in the Chatsworth neighborhood of Los Angeles; Easily the biggest and highest producing shop in its vicinity and one of the largest in the entire San Fernando Valley
* This business has a long and decorated history and is the very first and original Franchise Location ever
* Exceptionally well known and run by a very respected family in the industry, this shop has long been a high performing shop in the San Fernando Valley and was once the highest producing tire shop in all the country
* A true pride of ownership, the business is very well maintained and run with 16 operating bays, 20+ parking spaces, and usually operates with between 25-30 employees, including six service writers
* Shop is equipped with 10 in-ground lifts, 1 above ground lift, 4 tire changers, 4 tire balancers and 2 alignment racks
* Before the pandemic, per seller, the gross revenue would average between 450 K 500 K monthly
* The business comes with an upstairs office for the manager/owner operator and a large waiting room for customers
* Shop is specially equipped to work on dualies and specialized vans, which is rare in the area and provides contracting opportunities
* Per seller, shop does between 40 K and 50 K monthly just from alignments
* Currently has 25-30 employees with an opportunity for an operator to even further increase profits and run the shop with more efficiency
* Iconic location which has been used in many major Hollywood films; owners often get compensated for allowing studios to rent/shoot the location
* A truly can't miss opportunity for anyone looking to purchase and operate a high performing tire shop in a great location
* The business rents out additional space for $6,500/month for three garages and the great rate is locked in for another 19 years

* DO NOT SPEAK TO ANYONE AT THE LOCATION; FOR ANY QUESTIONS, PLEASE CONTACT THE AGENT

* Before the pandemic, per seller, the gross revenue would average between 450K, 500K monthly; Per seller, gross during pandemic has averaged about 375K monthly with a 350K net

Please provide a signed NDA and Proof of Funds for more info.

To get more information about this Franchise Tire And Mechanic Shop business for sale in Los Angeles County Area please phone Houmehr Mike Panoussi (Agent - BRE License #:01853627) at 661-816-1141 Cell and 661-816-1141 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #265834 on BizBen.com. In addition to phoning Houmehr Mike Panoussi, make sure you email Houmehr Mike Panoussi above to get more info about this Franchise Tire And Mechanic Shop, to ask any questions or request an appointment to see this business for sale. Thank you.


Email Houmehr Mike Panoussi Below About This Posting




No Spam
For Best Results & Response, Email & Phone This Contact: Houmehr Mike Panoussi at 661-816-1141 Cell and 661-816-1141 Text.
Seller Selling Without Financials
Buyer Early Possession Of Business





Featured Fast Track Postings: Motivated Owner/Sellers & Business Buyers

Wanted: Auto Industry Related, Mechanical, MFG Industry In Ventura County, LA Areas, California
Contact: Ola - Business Buyer: 805-490-1824 Cell
Status: Active  Posting #: 267029  Refreshed: 5/10/2021
Fast Track Posting ProBuy I am primarily interested in acquiring a business in the Automotive Industry, but would look at other mechanical / (re) manufacturing industry companies that meet or exceed the criteria below. Locations in Ventura County and neighboring areas are ideal. I have been pre-qualified for financing. Seeking Price Range: $300,000-$600,000 (potentially higher with partial owner financing). Revenues above $750,000. Officer / Owner Salary $100K+. Should have 3 years of detailed financial statements, IRS Tax Returns (for 2018, 2019, 2020), cash flow positive. No liens, lawsuits or other liabilities
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