Auto repair/ body shop.

Glendora, CA (Los Angeles County)

Auto repair/ body shop.

Asking Price:$295,000

Cash Flow:$100,000

Gross Revenue:$350,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:13

Auto repair/ body shop.

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Business Description

Unique opportunity auto repair /body shop. Well established , 5,400 SF on a 20,469 SF lot with a rent of $4,500/ MO. Has a total of 9 bays, seller is subleasing 4 bays at $50,000/ year, making his total income over $100,000.Seller has over $50,000 worth of equipment including 3 hoist inside ,half a hoist outside, an alignment machine, a frame machine , a tool box with all the tools inside it, in addition to whatever inventory left at time of sale in addition to a good account from Glendora hospital. Seller is motivated ,and is retiring after 52 years in business.

Detailed Information

Facilities:
This is a unique mechanic / body shop opportunity on the most traveled boulevard in Glendora. This well-established business has a repeat and loyal clientele base .The building size is 5,400 SF, on a 20,469 SF lot. New buyer will have a lease term of 5 years plus another 5 option. Total number of bays is 9 with a low rent of $4,500/ mo. Seller occupies 5 bays (auto repair& body shop) making a net income of $100,000/Year, plus another $50,000 (sublease money) making his total income well over$150,000/ year. There are many ways to run this place. You can continue the way seller is running it using the 5 bays and collecting rents from the sub lessees/tenants every month, or use just 2 bays for the mechanic work and sublease the body shop for $3,500/ Mo. Or if you want to expand you can use the whole building yourself. Seller has over$50,000worth of equipment (a copy is on file) that is included in the sale price. Among others: 3 above ground hoists inside, and a half hoist outside, an alignment machine, a new frame machine, scanners, a tool box with all the tools inside it, as well as whatever inventory left at the time of the sale , in addition to a stable profitable account from Glendora hospital. Seller has been in this location 13 years, made lots of money, and now is retiring after 52 years in business. Will entertain any reasonable offer.
Growth & Expansion:
Great room to expand. Hiring more mechanics, sell used cars, mail out specials coupons etc.
Reason for Selling:
seller retiring after 52 years in business.

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Michael Raad

Business Listed By:
Michael Raad

Century 21 Golden Realty

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