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Tire Shop + General Auto Repair

Bellflower, CA

Seller Financing Available

Front
Asking Price:$763,000
FF&E:$124,000
Rent:$4,366
Established Year:1997
Listing ID: 2300492Listing provided by BizBuySell
BUSINESS DESCRIPTION

* Established tire and auto repair shop, comes with all equipment necessary for a turn-key operation.
* Owner is retiring after being in this location for 27+ years.
* Includes all trade secrets, licenses, and suppliers.
* 27,380 Vehicles/Day along Alondra Ave and 22,400 Vehicles/Day along Woodruff Ave.
* Next to Jiffy Lube, ARCO + 76 gas stations on hard corners.
* Business receives an average of 6,400 customers visits per year.
* Sublease (month-to-month) covers 98% of rent obligation paid by tenant. Tenant runs a complementary business doing window tints, stereos, and other electronics. In-place for 15 years.
* Seller financing proposal to a qualified buyer.
* Demographics: 36,285 people within 1 mile, average household income $95,484 within 1 mile.
* Growth potential (see below).

ATTACHED DOCUMENTS
Brochure .pdf Download
DETAILED INFORMATION
Location
Bellflower, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,844
Lease Expiration
30/09/2033
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
* Facility was built by the landlord to suit the current business. * Lease has nearly 10 years remaining and 3% annual rate increases built in. * Comes with all equipment necessary to run the operation including balancer, dismounters, alignment machine w/ computer, compressor, vehicle hoist, hand tools, and misc other equipment. Equipment has an estimated FMV of $124K.
Competition
* Next closest tire shop is ~1 mile away. * Located on the SE block of Alondra Ave (27,380 Vehicles/Day) and Woodruff Ave (22,400 VPD). * Nearby tenants help drive customer traffic including: ARCO w/ AMPM, 76 Gas Station, and Jiffy Lube (adjacent).
Growth & Expansion
* Potential to increase sales by introducing credit and debit card payment options. * Growth potential through improving advertising and branding, particularly through social media.
Financing
To a Qualified Buyer: 50% down, 6.50% Fixed, 15-year amortization, 4-year maturity. $
Support & Training
* Owner is willing to train 2-4 weeks.
Reason for Selling
Retiring
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Jorge Espinoza
Jorge Espinoza, Broker
Phone Number
Jorge Espinoza
Call Phone