Auto Repair Shop - Certified German Car Specialists in Thousand Oaks

Thousand Oaks, CA (Ventura County)

Seller Financing Available
Auto Repair Shop - Certified German Car Specialists in Thousand Oaks

Asking Price:$485,000

Cash Flow:$203,119

Gross Revenue:$929,468

EBITDA:N/A

FF&E:$65,000

Inventory:$3,000*

Rate/Sq. Ft.:$1.50

Established:1990

*not included in asking price.

Auto Repair Shop - Certified German Car Specialists in Thousand Oaks

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Business Description

An outstanding record of customer service and technical expertise. They’ve developed tremendous diagnostic skills and drive train knowledge since opening the shop back in 1990. The service manager is a BMW factory-trained technician with over 20 years experience.

It’s a spacious 4-bay shop with a lift in each bay. Two are above-ground, twin-post lifts, two are in-ground. In addition, the owner currently leases the next-door unit for $1,250/month and uses it for vehicle storage. A new owner has the option of continuing to lease this space, which would add two more service bays.

The owner is leasing the nearly 2,500 square foot space on a month-to-month basis. The next-door space is also month-to-month. The landlord is open to writing a new long-term lease with the buyer. There is an office upstairs as well as mezzanine storage space.

There are five full-time employees, one of whom is the active owner. All techs and service writers are W-2 employees. The books and records are very clean and well documented. Thousand Oaks is an affluent suburban community with median household incomes above $100,000, which is perfect for a German car specialist.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
2,247
Lease Expiration:
5/1/2017
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in a prime Thousand Oaks automotive center, this foreign car repair specialist has been a fixture in town for more than a quarter century. This is where customers come for excellent, honest service on their German and European models. They service and repair Mercedes Benz, BMW, Volkswagen, Audi, Mini Cooper and Porsche.
Financing:
Yes
Reason for Selling:
Retirement

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Brian Loring

Business Listed By:
Brian Loring

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