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Asking Price:

$980,000

SBA LENDER PREQUALIFIED AT $1M - 15% DOWN

Location:

Alameda County

Listing #:

4430

Status:

SOLD

Business Financial Information

Annual Gross Income:  $1,440,000

Monthly Gross Income:  $120,000

SDE:  $375,000

Monthly Payroll:  $42,000

AnneShay_PP_BBP.JPG

Anne Shay

Email:  anne@lbaweb.com

CA DRE:  #02111828

Auto Body Repair and Paint Shop

Description

A highly successful Auto Body Shop in a prime Alameda County location, this well-established 18-year business generates $1.5m in gross revenue and nets $250K annually. The shop employs 8 skilled professionals and operates in a spacious 10,000-square-foot facility with a large outdoor lot accommodating up to 30 vehicles. The pristine work environment includes a paint booth, a paint mixing booth, a drive-through curing oven, and a large waiting area with office space. Grandfathered spray booth permits add significant value to this turnkey operation, making it an excellent opportunity for a buyer stepping into a thriving business!

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The seller reports monthly gross revenue of $120K and an SDE of $375K. Rent is $7,905/mo, with 3 years left on the lease and 2x 5-year extension options through 2037. Payroll, excluding the owner, is $42K/mo. The seller, retiring, is willing to train the buyer for up to 6 months to ensure a smooth transition.

General Information

Business Type:  Auto Body Shop

Legal Owner:  Corporation

Established:  2006

# of Employees:  8

Hours of Operation:  Mon/Fri 8AM-6PM, Sat 10AM-1PM,

Sun Closed

Reason For Sale:  Owner Retirement

Lease Information

Base Rent:  $7,905/mo

Expires:  2027

Extensions:  2x 5 year extensions

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