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For Sale: Auto Service Center - High Net, SBA Waives Fees - Contra Costa County


Current Status: Active     Posting #: 264977     Last Refreshed: 1/21/21    
Contact: Bob Heger At 510-384-1043 Cell , 510-384-1043 Text  -  Also Email This Contact Below
Price:  $975,000     Down:  SBA 10 - 15%     Adjusted Net:  $317,837     Revenue:  $1,083,000    
Attributes:  Training & Support, SBA Loan Pre-Qualified     Cooperation With Brokers?  Call
Contra Costa County Auto Service Center - High Net, SBA Waives Fees Business For Sale

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For Best Results & Response, Email & Phone This Contact: Bob Heger at 510-384-1043 Cell and 510-384-1043 Text.

  Description About This Posting: Auto Service Center - High Net, SBA Waives Fees
Established in 1970, has sales over $1 million per year. Only briefly affected by the pandemic shutdown and operations quickly returned to pre-covid levels.

Profit margins are above industry norms - SDE/net profits (25%+) are above industry averages (10%-18%). Higher margins can, in part, be attributed to established operating procedures, market area demographics and location. Local demographics allow above average labor hour rates and an ample supply of quality cars needing service. The business benefits from nearby suppliers Frequent deliveries shorten shop time and keep inventory levels low.

Seller has been working roughly 60 hours per week. Cash flow of $317K, would be after cost of hiring a new position (service writer) to reduce owner's work schedule.

There are 3 full time mechanics, 1 part time bookkeeper in addition to one full time working owner.

Current 10-year lease term ends May 31, 2021. There is an additional 10-year option and the Seller says landlord has indicated a willingness to add additional option period(s) to the lease. There is 2000 sf +/- additional space available next door if Buyer would like to expand or add compatible services. Existing lease says premises is 6000 square feet. Facility has eight lifts.

Achieved "Best of the best" and 5-star ratings for outstanding customer service. It has a very strong CRM internet marketing plan through Reach Local and up on top of Google searches.

Available for $975,000. The business qualifies for SBA financing with 15% down from qualified buyer.

To get more information about this Auto Service Center - High Net, SBA Waives Fees business for sale in Contra Costa County please phone Bob Heger (Agent - BRE License #:01987910) at 510-384-1043 Cell and 510-384-1043 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #264977 on BizBen.com. In addition to phoning Bob Heger, make sure you email Bob Heger above to get more info about this Auto Service Center - High Net, SBA Waives Fees, to ask any questions or request an appointment to see this business for sale. Thank you.

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