Contact: Michael Raad At 626-215-4563 Cell , 626-204-2319 - Also Email This Contact Below
Asking Price: $250,000 Down Payment: $250,000
Annual SDC: $150,000
Annual Gross: $300,000
Business Address: None Given City: Pasadena Zip: None Given
Attributes: Training & Support
Free standing Bldg., corner location, on the most traveled thoroughfare in Pasadena. Has a great visibility, used to be a 'Midas' shop for the last 60 years, 30 of them with present owner. The Bldg. size is 3,080 SF ( currently the seller has been building a second floor, work will be done in 4 months) so the total square footage will be 6,160., lot size is 8,989 sq. ft. has 7 bays, 7 hoists, an alignment rack, a Dino machine and an office with a waiting area. This is a very well-known destination for customers seeking good and reliable service. Seller stopped his contract with 'Midas' six months ago to save on royalty fees, and since he has a very good flow of repeat and new clientele.
The shop works on domestic and foreign cars doing all kinds of repairs (light and heavy) muffler, body work, and used to do smog as well(the Dino machine is still in ground) . Annual gross sales are $300,000 with a net income of $150,000.( used to make double before the pandemic, and can make it again once the situation goes back to normal). Rent is $8,000/MO, and a long lease is also available. Seller doesn't advertise relying only on the word of mouth, and his good reputation.
Currently he is working by himself (used to have 2 employees). This is a turn-key business, new buyer can grow the business hiring new mechanics, or he can bring the 'Midas' brand back or any other mechanic, or tire franchise chain.
All equipment, furniture and fixtures are included in the sale.
This opportunity in desirable Pasadena will not last long. Please sign attached NDA form for more information.
To get more information about this Auto Repair Shop - Corner Location, High Cash Flow business for sale in
Pasadena, Los Angeles County please phone Michael Raad (Broker - BRE License #:00984305) at 626-215-4563 Cell and 626-204-2319 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #261096 on BizBen.com. In addition to phoning
Michael Raad, make sure you email Michael Raad above to get more info about this
Auto Repair Shop - Corner Location, High Cash Flow, to ask any questions or request an appointment to see this
business for sale. Thank you. License # 00984305. Century 21 Golden Realty.