Auto Repair

Auto Repair

Available

$50,000.00

Listing Number :

 3842

Status :

Available

Price :

$50000

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Description

This is a 3 bay repair shop located in a gas station at the corner of two extremely busy commercial roads by the freeway entrance/exits in an affluent town along route 680. If visibility is important to you, you’ll really like this center!

It includes 2 heavy duty lifts, a wheel alignment rack (software update is needed on it), tire balancer, and tire changer.

There is about $5,000.00 of inventory (oil, tires, filters) which is not included in the asking price.

The seller is only open 8 hours/day and five days/week. His gross revenue from June to December 2020 ranges from $11K to $20K per month. He does not smog cars which the buyer is highly recommended to introduce as a new service. There are no employees.

The lease will be for 5 years with a 5 year option with a rent structure as follows:

5K/m for the first 2 years plus $500 for utilities.
6K/m for 3rd year plus $500 for utilities
6.5K/m for 4th year plus $500 for utilities.
7K/m for 5th year plus $500 for utilities.
7,210/m for 6th year plus $500 for utilities.
7,426/m for 7th year plus $500 for utilities.
7,500/m for years 8 to 10 plus $500 for utilities.

#3842

Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased:
Business Type: Auto Repair
License(s) Required: business
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3842
Date Available: 2/24/2021
Reason For Sale:
Annual Total Revenue: 180000
Annual Net Income:
Inventory: 5000
Monthly Payroll:
Lease Information
Base Rent: 5000/m
Lease Expires: 2025
Lease Option: 1 x 5 years option
NNN:
 
Financing Information
Down Payment: 50000
Owner Will Carry:
Other Finance Terms:

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