Established in 1975, this Auto Repair shop has been at its current location since 1991. It occupies approximately 3,000 sq. ft. in an industrial area of Campbell. Set back from the street, the premises has fenced in parking for over twenty vehicles. In addition to general auto repair and air conditioning, it is a Star Certified smog station. It has an extensive equipment package including four hoists and a Mustang heavy duty dynamometer. A new lease can be negotiated with the landlord. The seller wants to wind down and ease into semi-retirement, and would consider working for a buyer for an extended transition period. The business has developed a loyal following over the years. The owner has priced the business to sell at just over 30% of annual revenue and will help finance a qualified buyer. Sales for 2023 are up 33% over the same period in 2022.
- Asking Price:
- $149,000 Inventory / Stock included
- Sales Revenue:
- $438,630
- Cash Flow:
- $51,325
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
The expires 9-30-24. A new lease is available.
- Leasehold Rent:
-
$55,800 per annum
- Location:
-
The shop is located in an industrial area with no immediate competition.
- Premises Details:
-
The shop has four bays and three lifts and an enclosed lot that can hold twenty-five cars.
- Size in square feet:
- 3,000
Business Operation
- Reasons for selling:
-
Retirement
- Trading hours:
-
8:00 to 5:00
- Employees:
- 3
- Years established:
- 1975
Other Information
- Support & training:
-
Two weeks at 25 hours per week. Seller will also consider staying on as an employee.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Some financing is available for a qualified buyer.
- Inventory / Stock value:
- $3,000 - included in the asking price
