Hi-Income Auto Repair: Hi-vol $681K, Netting $210K+, Prc $350K, OC

• A well-furnished auto repair shop that offers some smog check service.
• A very profitable business w/a good response from regular customers with low and fair prices
• Net income exceeds $17,500 per month based on SDE
• Located in a hotspot of multiple automotive service hubs with the most auto repair jobs in the area
• Consistently busy and well-known in the neighborhood for decades. 15 years in business and has remained strong
• Specialized in Smog Check, Smog Repair, Oil Changes, Brakes, Tune Ups, Engine Computer Diagnostics, Transmission, Suspension, Tire Rotation, and Battery Service. No wheel Alignment served.
• 6-day open only with a very short hour
• Rent is fine. The current lease is $1.86 per sq. ft., which is at a great rate, especially considering its location on the prime spot
• Lease is good until 2025 and the new lease terms are workable for qualified buyers
• All equipped with top-of-the-line ground dynamometers, 4 lifts, dedicated devices/machines for smog checking, 9 bays and a computerized database.
• For more details, see below;
> Monthly total turnover averages $56,720.79, according to the 2023 tax return.
Some cash sales not included. As per Seller, but has not yet been verified by Broker.
> According to the SGS report, the average revenue for Smog Check sector is about $5,000 per month, resulted in average cost of $1,215.14 for smog certificate and test fee
> Monthly ncome is an average of $11,119, according to the 2023 tax return.
However, seller's actual income based on SDE (Seller's Discretionary Earning) is more than $17,500 per month. As per Seller, but has not yet been verified by Broker.
> The current rent is $6,290 including NNN
> Store size is approx. 3,000 sq.ft.
> 1.5 years left on the current lease and no options. But, a new 10-year lease plus additional options workable
> Currently 6 day open with hours from 8 am to 5 pm Mon-Fri, Saturday 'til 3 pm, closed on Sundays
> Employed 4 full-time mechanics. One full-time owner works 5 days a week for managing, but not working in the repair field.
> The wages of the five full time mechanisms are $15,000 per month
> Parts cost an average of $18,000 per month
> Utility bills, sales taxes and mics. expenses are an average of $6,000
> Plenty of front and rear parking
> SBA loan with 30% down is very possible
• NDA is mandatory for 'Address' or 'Walk-by'. Sign and Return NDA form attached hereto
• Financial reports are only available to buyers who demonstrate the aforementioned eligibility criteria, have sufficient purchasing funds, and are committed to presenting the NDA and required documentation.
• For more information, please contact Kevin at (714) 345-6514
• "Note"
> Business summaries and financial information posted herein are believed to be reliable but obtained solely from Seller or Seller's agents. So, Buyer's verification is absolutely necessary
> No representations or warranties are provided by Action Realty Task Inc's broker, its agents, representatives, or subsidiaries as to the accuracy, completeness or validity of such information.
> Broker and/or its agent shall not be held liable for any such information, whether or not it is true
> Buyers will be given a due diligence period of about two weeks during which they will be able to verify the accuracy of business information and books and records
> Buyers are strongly encouraged to seek the advice of accountants, attorneys and/or other available business advisors, if deemed necessary, to verify the accuracy of any business information provided in our ads, documents or through our agents



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