Asking Price:
$650,000
$50K inventory included in price
Location:
Alameda County
Listing #:
4267
Status:
Pending
Business Financial Information
Annual Gross Income: $996,000
Monthly Gross Income: $83,000
SDE: N/A
Monthly Payroll: $38,000
Auto Repair Service Shop
Description
This well-established auto repair shop in Alameda County has been in business for 40 years, serving a loyal, repeat clientele, including fleet vehicles from corporate accounts. The shop is equipped with 8 lifts and 2 brake machines, and is staffed by 3 full-time technicians and a part-time bookkeeper.
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The interior space is 5,000 sq. ft. with approximately 12 parking spaces in a fenced area. Gross rent, including utilities and insurance, is about $5,230 per month, with a new lease negotiable. The business generates gross revenues of $83,000 per month, with a payroll of approximately $38,000 per month. The sale includes around $50,000 in inventory.
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Known for its strong reputation, the business has been operating at full capacity, with the seller having to turn down additional work. After 40 years, the owner is ready to retire.
General Information
Business Type: Automotive Repair
Legal Owner: Corporation
License Required: Business
# of Employees: 3 technicians, 1 part-time bookkeeper
Hours of Operation: N/A
Reason For Sale: Owner Retirement
Lease Information
Size: approx. 5,000 sq ft, 12 fenced parking outside
Gross Rent/Utilities/Insurance: $5,230/mo
New Lease: Negotiable