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For Sale: Auto Repair Center - Turn-Key, Operating, Absentee - San Mateo County

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Current Status: Active     Posting #: 236212     Last Refreshed: 4/16/19     BRE License #: 01919755    
Contact: Tim Cunha At 650-600-3751 , 844-237-6487  -  Also Email This Contact Below
Price:  $29,900     Down:  $24,900     Adjusted Net:  See Info     Revenue:  $147,000    
Business Address:  1383 Laurel St     City:  San Carlos     Zip:  None Given    
Attributes:  Absentee Run, Semi-Absentee Run, Training & Support     Cooperation With Brokers?  No
San Mateo County Auto Repair Center - Turn-Key, Operating, Absentee Business For Sale Auto Repair Center - Turn-Key, Operating, Absentee Company For Sale San Mateo County Auto Repair Center - Turn-Key, Operating, Absentee Companies For Sale

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  Description About This Posting: Auto Repair Center - Turn-Key, Operating, Absentee
Asking Price $29,900 -- reasonable offers welcomed.

Turn-key Operating Auto Repair Center.

This full-service auto repair business is a 30-year-old turn-key operation ready for an owner-operator to give it the attention it deserves. Currently operated by a semi-absentee owner, it generates average annual sales of $147,000 over the last five years.

AVAILABLE FOR IMMEDIATE SALE.
The buyer must be prepared to close (complete the purchase with payment in full) within 2-3 weeks.

After SDE add-backs, the business profit is marginal. There is a large database of existing customers, and significant market presence and name recognition. Just the furniture, fixtures, and equipment (FF&E) alone are estimated to be worth $50,000 or more.

The business operates in leased premises, at a monthly net cost of approximately $3,500.00. The landlord is prepared to offer a 4.5-year lease to a new owner at the same rate. There is shared restroom with the adjoining tenant.

The two employees are open to staying on at the buyer's option.

The Transaction The deal structure will be a sale of all assets (including all physical assets, trademarks, goodwill, name, customer records, etc.,) except accounts receivable, accounts payable, and cash on hand. Inventory will be included at actual cost. The asking price is $29,900 for a quick cash deal.

No representations are being made regarding net cash flow, 'SDE', or profit. Rather the business is being offered based on gross sales and existing infrastructure.

This is a platform for a successful business without 're-inventing the wheel.' The owner has been trying to 'absentee-manage' this business while placing his full-time attention on running his other highly-successful business (not auto repair). This auto repair business will thrive once there is a dedicated owner-manager in place.

During 'due diligence' (three business days maximum) you can see everything, ask every question, examine every record, and, before the end of due diligence, 'for any reason or no reason' you can cancel the contract and receive every penny of the deposit back from the escrow agent if this business isn't right for you. But, the prospect who makes the first offer will be the one who has the opportunity to go to the next step.

Look at all you will be buying:
#1. an existing customer base
#2. a fully-functioning, fully-equipped shop
#3. staff
#4. market presence
#5. cash flow
#6. an existing lease and location

You really have a decision between 'starting from scratch' and creating all those assets (1 through 6, above) or buying this foundation for a business that you can grow.

The Transaction: The deal structure will be a sale of all assets (including all physical assets, trademarks, goodwill, name, customer records, etc.), except accounts receivable, accounts payable, rent security deposit, and cash on hand. Inventory for resale will be included at actual cost. The asking price is $29,900.

Furniture, Fixtures, & Equipment (FF&E):
All air hoses and extensioncords
All shelves and cabinets (7)
All supplies and oil on shelves
Bolt & nut system shelf
Branic 7600 spring compressor
Comp. test hose kit
Craftsman grinder on stand 3/4 HP
CSA-01 cooling system analyzer
CTA 2762 Cam shaft puller kit
Devilbiss compressor
Epson Printer
Exh back pressure kit 33600
File cabinets (2)
Ford spark plug removal/tap kit
HP PC computer
Irwin stud extractor kit
Line fitting removal kit
Lisle fan clutch kit 43300
Mac AC leak detector
Mac battery charger
MAC ET7000 digital pyrometer
Mac tap and die set 1 1/2
Mac VG3-1 vacuum/fuel press kit
Macco AC machine
Marso hand riveter tool kit
Matco AC560000 combination leak kit
Matco adjustable dial indicator kit
Matco ATG500K oil pressure gauge kit
Matco MST4579A puller kit
Matco MVP5000 vacuum pressure gun kit
Matco NLT3050E noid light set
Matco RJK 810 relay test kit
Matco TR 550 tie rod kit
Misc power steering pump pulley tool kit
Napa 41720 Sensor socket set
Napa 41860 Planning tool kit (2)
Neiko 1/2" Allen socket kit
Office chairs (5)
OTC 5609 cylinder leak detector kit
OTC 6489 Ford cam tool kit
OTC 6637 GM 6 cylinder cam tool kit
OTC 7249 front end service kit
OTC 7918 ball joint adaptor kit
OTC universal inner CV joint #7507
Pro-set AC clutch tool kit
Raytek infrared thermometer
RD tools 41580 fan clutch kit
Service tools bearing/race install kit
Snap on MT308L comp gauge set
Snap on A145 Clutch aligner kit
Snap on battery charger
Snap on blast cabinet
Snap on SVT270P-1 Vacuum tester
Snap on TA360 torq angle gauge
Snap on torquemeter T6175
SP Tools #64900 Harmonic puller kit
SP Tools universal brake caliper tool kit #85250
Spark checker kit
Spoa10 (new) 10K lift
SPX/OTC angle meter
Steelman chassis car kit
Storm electronic micrometer
Torx bit set
Transmission bench
TU-448 fuel injector tester kit
U/V rear project kit
USA lift 9K lift
Used oil drums and containment troughs
UTC 6295 front end service kit
Walton tap extractor kit
Work table

Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.

To get more information about this Auto Repair Center - Turn-Key, Operating, Absentee business for sale in San Mateo County please phone Tim Cunha (Intermediary, Broker - BRE License #:01919755) at 650-600-3751 and 844-237-6487 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #236212 on BizBen.com. In addition to phoning Tim Cunha, make sure you email Tim Cunha above to get more info about this Auto Repair Center - Turn-Key, Operating, Absentee, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

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Peter Siegel, MBA - SBA Loans, Non SBA Financing Assistance

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Janet Carrera - Escrow & Bulk Sale Services - SF Bay Area

Redwood Escrow Services, Inc. is a full service, licensed independent escrow company. We are EAFC Fidelity bonded, fully insured & licensed with the Department of Corporations. Committed to offering our clients the most comprehensive variety of escrow services available. Phone Janet at 510-247-0741.

Ranvir S. Sandhu, Esq. - Legal Services For Buyers And Sellers

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Diane Boudreau-Tschetter: Escrow And Bulk Sale Services

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