Contact: Rex Walters CBB At 831-239-2080 - Also Email This Contact Below
Asking Price: $295,000+ Inv Down Payment: $295,000
Annual SDC: $117,000
Annual Gross: $1,000,000
Attributes: Broker-Broker Coop, Semi-Absentee Run, Training & Support
Price reduced. Absentee Owner says bring offers.
Q1 2020 revenues up compared with Q1 2019.
Description: If you like cars, and would love to live in the vicinity of beautiful Santa Cruz on the Central Coast of California, AND make a very good living, then this business opportunity might have your name on it. Located in Northern Santa Cruz County, this business is extremely well-established, and provides excellent auto and truck repair as well as specialty services, diesel and transmission work. Great reputation! Shop performs diagnosis and repair of all makes and models. Seasoned manager and employees eager to stay on with new owner. Current owner is largely absentee. SDE can increase for full time working owner. Seller estimates new owner working full time as service writer could make $160K New owner who is also a master mechanic could make $200K. Approx. 4,000 SF. 7 lifts.
Seller says he is 90% absentee and only spends 3-5 hours a week. With covid and not visiting for a year it has declined to a phone call a day, quick look at the system in the morning checking progress of jobs remotely. Pre-Covid he would travel to the shop 3 times a year as needed.
This offering is highly confidential. NDA and Buyer Profile required prior to releasing confidential information. Please contact listing office directly for NDA.
Asking Price: $295,000 + inventory.
Seller Financing: Some possible for approved buyer.
Gross Revenues: $969,491 for 2018. Gross 2019 $882,482. Gross 2020 $867,729
SDE: Approx. $117,000 for 2018, 2019, 2020 for largely absentee owner.
Lease: $6,930 per month includes all NNN. Approx. 4,000 sq. ft. 7 lifts.
LEASE NEGOTIATED DOWN TO $6390 PER MONTH!
To get more information about this Auto Repair Shop - Established business for sale in
North Santa Cruz County please phone Rex Walters CBB (Broker - BRE License #:01841628) at 831-239-2080 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #255335 on BizBen.com. In addition to phoning
Rex Walters CBB, make sure you email Rex Walters CBB above to get more info about this
Auto Repair Shop - Established, to ask any questions or request an appointment to see this
business for sale. Thank you.