Absentee Owned Award Winning Profitable Foreign Automotive Maintenance Business – Price Reduced! – SC2167

Financial Information
Asking Price: $749,000
Cash Flow: $230,000
Gross Revenue: $1,700,000
Down Payment: $749,000

This Northern California based foreign automotive maintenance business is a California Limited Liability Company and was formed 38 years ago and has been under current ownership for the past 8 years. This business offers a full and wide range of services for vehicles, including repair, overhaul or replacement of numerous items including brakes, fuel injectors, engines, transmissions, water pumps, air conditioning, drivelines, axles, timing belts…and the list goes on. They specialize in Toyota, Lexus, Honda, Acura, Subaru, Nissan, Kia, Hyundai and Mazda – all Asian imports! From major mechanical work to basic service, their ASE certified technicians can do it all. They have all the latest technology for computerized cars but also the equipment to service older cars. They have been voted the Best Auto Repair business over 10 times in recent years. With six lifts, they are continuously busy but have great turnaround on repairs.

Business Location
City: Northern California
State: California

Reason for Sale
The Seller is selling to retire.

Detailed information
Year Established: 1986
Home Based: No
Franchise: No
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Full-Time Employees: 5
Part-Time Employees: 4
Contractors: N/A
Owner Worked Hours/w: 4
Adjusted EBITDA: $130,000
Inventory Included: Yes
Inventory Value: $10,000
Monthly Rent: $5,400
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 6800
FF&E Included?: Yes
FF&E Value: $100,000

Training/Support
The Seller is willing to provide training at 30 hours per week for 4 weeks for the new Owner. Additional training can be made available at a mutually agreed upon cost to the new Owner.

Market Outlook/Competition
According to Allied Market Research, the automotive industry in North America will reach a market size of $78.4 billion in 2022. Data from the industry experts at IBIS show that in 2021, the U.S. automotive industry put 15 million new cars on the road. Nationwide, 282,637 automotive repair companies are currently in business, with 614,433 employees across multiple disciplines. CAGR is projected to hover right around 7% through 2030.