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For Sale: Turn-key Operating Auto Repair Center - San Mateo County

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Current Status: Active     Posting #: 236212     Last Refreshed: 1/21/19     BRE License #: 01919755    
Contact: Tim Cunha At 650-600-3751 , 844-237-6487  -  Also Email This Contact Below
Price:  $29,900     Down:  $20k see description     Adjusted Net:  see description     Revenue:  $180,000    
Attributes:  Absentee Run, Training & Support, Owner Financing     Cooperation With Brokers?  Call
San Mateo County Turn-key Operating Auto Repair Center Business For Sale Turn-key Operating Auto Repair Center Company For Sale San Mateo County Turn-key Operating Auto Repair Center Companies For Sale

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  Description About This Posting: Turn-key Operating Auto Repair Center
JEFF'S AUTO SERVICE
1383 Laurel Street, San Carlos, CA (San Mateo County)

Asking $29,000, open to offers*
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 $180,000+.

AVAILABLE FOR IMMEDIATE SALE
Preliminary Offers Due on or before 9:00 PM, Wednesday, May 9th
We will then negotiate with the top 3 offerors.

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 $3,000.00. The landlord is open to negotiating a long-term tenancy at a comparable rate.

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, good will, 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. With a $20,000 down payment against a total price of $32,000, the seller may finance the balance over 24 months ($500/month) for a qualified buyer with adequate collateral.*

The Seller is very open to a reasonable transition period in order to assure that the new owner is fully-trained and that existing business is retained.

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.

The owner is realistic his message to prospective buyers is simple: 'Make a good faith realistic offer, regardless of the 'asking price,' go into contract with a strict due diligence clause, and you can have access to every record and data point that you want.'

During 'due diligence' (three business days) 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 realistic 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, good will, 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 $29,000.*

The Seller is very open to a reasonable transition period in order to assure that the new owner is fully trained, and that existing business is retained.

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 Turn-key Operating Auto Repair Center 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 Turn-key Operating Auto Repair Center, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

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