Auto Shop w/Seller Financing @8% in Modesto, CA.

Modesto, CA

Seller Financing Available

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Asking Price:$798,000
Gross Revenue:$950,614
Rent:$3,850
Established Year:2005
Cash Flow:$297,386
Inventory:$3,000
FF&E:$145,000
BUSINESS DESCRIPTION

Established in 2005, this modern shop offers many services including engine repair, tune-ups, muffler work, transmission, air conditioning, shocks, diagnostics, computerized alignment and more. Four bays are utilized in current operations; each with a lift (one in-ground), full tool setup, overhead fluids and computer access to the recently updated operating system, which offers tablets for checking in customers outside. Sold turnkey, including a tire machine, tire balancer, A/C 134A, A/C 1234YF, Sprint compressor, air compressor, parts washer, brake lathe just to name a few. The space includes a lobby, service counter, manager's office, customer bathroom and technician's bathroom. The seller, who spends 25% of his time working as a back-up mechanic, owns the building, which has two additional, unused bays and a small office for the buyer who would like to take the business to new heights from a four-bay shop to a six-bay shop with smog, tires or other additional services. The entire space is squeaky clean, organized and professional. The outside of the building, located on a busy street with great drive-by exposure, is tidy and has adequate parking. The courtesy vehicle for customer pick-up and drop-off is included in the sale. The seller will train and assist the buyer with the transition. The online reviews are overwhelmingly five-star. Shops like this don't come along everyday. The buyer of this business is walking into a reputable, profitable business ready to grow into the future. You should take a close look at this uncommon opportunity!


DETAILED INFORMATION
Location
Modesto, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,500
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Lease Terms Options: Seller owns the building, will craft mutually beneficial lease with buyer. Facilities: Four bays, one office, two bathrooms, one lobby, one manager's office (semi-private) FF&E Overview: Fully-equipped bays with all tools necessary to perform most auto repairs. Large tool boxes in each bay, lifts, tire machines, computerized alignment machine, overhead fluid delivery wheels, office and lobby furniture. All in good condition and included in the sale. FF&E General Condition: Very good
Growth & Expansion
The current shop is busy and the owner is comfortable with the size of the operation and income. A buyer looking to grow the business should lease the adjacent, additional two bays to add growth to the business and their bottom line, possibly offering additional services like smog or tires.
Financing
Owner Terms:$478,000.00 Interest:8% Term Months:60 Monthly Payment:$9,692.00
Support & Training
Number of Weeks Seller Will Offer Training: 4
Reason for Selling
Retirement
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Dana
Smith
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Dana Smith