Contact: Bill Garcia At 916-203-3395 - Also Email This Contact Below
Asking Price: $625,000 Down Payment: $135,000
Annual SDC: $280,564
Annual Gross: $1,283,934
Business Address: 1380 Lead Hill Blvd Suite 106 City: None Given Zip: 95661
Attributes: Broker-Broker Coop, Training & Support, Real Estate Included
Looking for an opportunity to purchase a non-branded auto and tire repair facility with average annual sales of $1.2 mil for the last 4 years. Over this period the average SDE was $223,700 affording an active/operator an excellent salary after debt service. Perfect opportunity for a multi-shop owner or experienced operator.
Sales have increased by 19.81%, gross profit income by 19.66% and net profit by 9.05% through year to date March 31, 2020. The Corona Virus Global Pandemic hit and Lakeport Tire & Auto Service has continued to operate retaining their entire crew on a full time basis. They continue to service their fleet and individual customers while having their lobby closed to customers. Having digital inspections and having the ability to email and text the results to the customer and a campaign manager that is tied to it has resulted in continued business during this economic slowdown and demonstrates the loyalty of their customers.
This Family Business was established in 1972 and now the current owners would like to retire. With it goes 52 years of goodwill, highly rated internet reviews, a large geographic area it draws from, fully integrated digital, POS and CRM systems, and is complete with equipment to run a high end auto repair business. They keep a close review of their pricing and margins. Strong cash- flow provides stability with fluctuations in sales throughout the year. The company was affected by the PG&E Power Shutdowns during 2018 and 2019 however they have installed an integrated Generator system so they can continue to work during outages.
The Business operates out of a total of 10,150 square feet and is located on a main thorough fare. They have built an excellent reputation for performing as a reliable auto and tire repair shop where customers are valued and well informed with digital inspections.
The business has a highly integrated paperless system. Each technician has an IPad to do inspections on most every vehicle they service. The inspection is texted and emailed and includes educational videos explaining what the service does to make their vehicle operate optimally. The Service Advisor then calls the customer and answers any questions they have and discuss if they would like to move forward with repairs.
Services include oil changes, scheduled maintenance, suspension and steering, alignments, brake repair, brake and lamp inspections, RV service, battery and charging system service, air conditioning service, cooling system service, fuel system service and testing and electrical repairs. They service passenger and light truck tires, medium truck, farm, and industrial tires as well. The company services many loyal customers and fleet and commercial accounts. They assist customers with National and Government Accounts that allow for government pricing.
They do direct marketing to their customers through texting and emailing. They are fully automated to send bi-monthly service reminders which include vehicles that are due for maintenance and recommended repairs and for the customers to make appointments online.
Business is $625,000 Real Estate $1,200,000
To get more information about this Tire And Auto Repair Shop - With Real Estate business for sale in
North SF Bay Area please phone Bill Garcia (Broker - BRE License #:00426763) at 916-203-3395 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #260425 on BizBen.com. In addition to phoning
Bill Garcia, make sure you email Bill Garcia above to get more info about this
Tire And Auto Repair Shop - With Real Estate, to ask any questions or request an appointment to see this
business for sale. Thank you.