Profitable Auto Repair for Sale

Los Angeles County, CA

Seller Financing Available

Lift One
Asking Price:$250,000
Rent:$5,640/Month
Established Year:2020
Gross Revenue:$500,000
FF&E:$25,000
BUSINESS DESCRIPTION

Busy auto repair business in the South Bay with Two New Lifts, Six Standup Professional Grade Tool Cabinets, Pro Camera System, Auto Gate, New Office Equipment, Computer System, A/C and Tenant Improvements of $250,000. Everything an auto repair business needs to operate, ready to go. Near Hawthorne, Manhattan Beach, Torrance, Redondo Beach, Los Angeles Greater Area, and El Segundo California.


DETAILED INFORMATION
Location
Los Angeles County, CA
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,500
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The Business was built out completely in 2020 with a new foyer, new lifts, equipment, computer, and video systems. The Business is for sale as a corporate sale with licenses to operate as part of the purchase. There are two 5 year extensions as well as 1 year left on the current lease. Current lease is $5,640 with a 5% increase per year. Currently the business does not repair electric cars.
Competition
Auto Repair does well in the South Bay of Los Angeles.
Growth & Expansion
There is a lot of opportunity for growth, since the owner is semi absentee. A new owner could help with production and volume.
Financing
Seller would want at least half if not more down.
Support & Training
The owner will oversee a oneweek transition, unless a longer one is requested and approved. There are two full time mechanics, and one office receptionist, who is also a mechanic.
Reason for Selling
Retirement
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Rebecca
Carr
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Rebecca Carr