Long established shop with fleet accounts

San Diego, CA

Seller Financing Available

listing image
Asking Price:$325,000
Gross Revenue:$950,000
EBITDA:$950,000
Established Year:1986
Cash Flow:$145,000
Rent:$6,900/Month
FF&E:$25,000
BUSINESS DESCRIPTION

Stand alone shop, dedicated building & parking

32+ year auto repair business in the Miramar area located in an industrial area with 50%+ business to business activity with plenty more opportunity if you're willing to knock on doors or targeted marketing. I spend nothing on advertising and work full time managing and acting as service writer. 4 full time employees (two very long term and one who is also a service writer and does basic jobs in shop when busy).

Sales & net have increased yearly since current owner bought business 7 years ago. Books are very clean and verifiable. 6k sqft, 5 lifts with lots of space. Landlord is reasonable, is also the original owner of the business, and has business on site which utilizes the repair shop. 2.5yrs left on lease and seller can help negotiate additional options. Lease is very desirable non-NNN. You pay rent, a portion of utilities, and any repairs that are your fault and that's it! Shop is very unique for the Miramar area as it is not in a "strip mall," does not share parking or any space with any other business, and is not near any other repair shops. Parking lot can easily hold 20 cars in a fenced area in addition to 10+ in the building with 4 roll-up doors.

Please note: An NDA, completed buyer profile and proof of funds is required to get additional information on this business. Send me a quick list of your assets & liabilities, reason for interest/qualifications, and a screen shot, statement or some other proof that you have funds to complete the sale including working capital and typical rent requirements. Once i receive these I'll send an NDA. As stated, there is a lot of business to business activity and, most customers are net 30 who pay by check or ACH so you will need have enough capital to float this in addition to normal operating funds and purchase price.

The business is FSBO; I am very busy, and have an interest in not wasting mine or the landlord's time. The deal will need to work for all three of us or it won't work for any of us. I will consider a note and staying on in a consulting/contingent role if requested and pre-negotiated. I am retiring and leaving town eventually but not in the next 3-4 years and I have a very strong interest in making sure the business is successful to help take care of the the loyal employees who have made the business what it is. I will also sign a non-compete if that's important to you. I'm motivated but not desperate so please come serious and I will get every bit of due consideration you deserve.


DETAILED INFORMATION
Location
San Diego, CA
Inventory
Included in asking price
Real Estate
Leased
Building SF
6,000
Lease Expiration
17/05/2027
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Support & Training
2wks or more if negotiated
Reason for Selling
Retirement
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Paul Coates
Paul Coates