Transmission and Auto Care

Transmission and Auto Care

Sold

$250,000.00

Listing Number :

 3614

Status :

Sold

Price :

$250000

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Description

This is a 6 bay, 5,000 sq ft, auto repair shop with a waiting room as nice as Big O Tires or Less Schwab, a separate office, a kitchen, and plenty of parking spaces located in East Contra Costa. The business was established 34 years ago and the present owner has had the place for the past 6 years. There is a new PT mechanic making $12/hr, another FT making $25/hr, a service writer @ $17/hr for 4 days/wk, and the owner who comes in the morning, gets employees going, then leaves. The owner works about 25 hrs/wk. Open M-F 8:00-5:00. Getting a 5 year lease and a 5 year option is not a problem. Present total occupancy rent is $5,750/m.They work on foreign and domestic cars servicing wheel alignment, brakes, shocks, pumps, tune ups, auto maintenance, electrical, HVAC, diagnostics, radiators, transmissions and clutches, etc according to the tax returns and without doing any add backs, the 2018 gross income was 538,045.00, cost of goods was 133,280.00, with a net profit of $106,300.00 to the owner. The 2017 gross income was $657,811.00, cost of goods was 168,350.00, with a net profit of $125,831.00 to the owner. The 2016 gross income was $600,171.00, cost of goods was 153,084.00, with a net profit of $124,511.00 to the owner.Seller is willing to carry a note of $50,000.00 to the qualified buyer. The seller’s tax returns will qualify for an SBA loan. If you have the down payment, please call me for an appointment.

3614

Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased:
Business Type: Auto Repair
License(s) Required: Business
Hours of Operation: 8m-5pm/ 6 days a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3614
Date Available: 1/22/2019
Reason For Sale:
Annual Total Revenue: 537000
Annual Net Income: 113000
Inventory:
Monthly Payroll:
Lease Information
Base Rent: 5750/m
Lease Expires:
Lease Option: 1 x 5 years Option
NNN:
 
Financing Information
Down Payment: 200000
Owner Will Carry: 50000
Other Finance Terms: 5% in 24 months

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