Very Profitable European Auto Repair Business- SBA Pre-approval

Placer County, CA

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Asking Price: Get Financing: $430,000

Cash Flow: $242,000

Gross Revenue: $746,000

EBITDA: N/A

FF&E: $122,000

Inventory: $1,000

Lease Rate: $2,537 /SF/Month

Established: 2005

Very Profitable European Auto Repair Business- SBA Pre-approval

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Business Description

"We have all the business we can handle without hiring more people" says the owner of this Sierra Foothills automotive repair business. Established since 2005, this upscale European shop has shown tremendous growth in revenue and earnings, and has a very loyal customer base of approximately 3000 customers. Sellers estimate repeat business and referrals account for 70% of their business.

Specializing in European brands including Audi, BMW, Jaguar, Land and Range Rovers, Mercedes Benz, Mini Cooper, Porsche, Saab, Smart, Volkswagen, Volvo, and Fiat automobiles.

Strong website and social media presence including a 5-star Yelp rating!

With approximately 5001 sq. ft. of space, this shop is really well equipped with $122K worth of high tech equipment (fair market value) including seven lifts, two smog machines, Ravegnoli alignment machine, Nussbaum and Hunter alignment racks, brake lathe, scopes for VW/Audi, BMW, Mercedes, Volvo, and much more. The lease is very favorable with gross rent of $2537 per month.

Sales have grown consistently to over $746K for 2017, with earnings of $242K. These results with the sellers and two full time mechanics and one part time office administrator. This opportunity is ideal for a master mechanic who is looking to own their own auto repair business, or business partners (spouses) who could split duties. A solid background in automotive repair is required. Another ideal buyer would be a current shop owner looking to relocate from Sacramento or the SF Bay Area for a better quality of life.

The seller is motivated as they are looking to retire from the business and relocate. List price is $430,000 which includes inventory and equipment.

The business is SBA pre-approved with a 10% down payment for a qualified buyer.
Please contact Ron Schwab at 925.304.2175 or email ronschwab1@gmail.com for additional information.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,001
Lease Expiration:
2/28/2021
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Large shop with 7 lifts, latest technology for European vehicles, nice customer waiting room.
Competition:
Top European provider in their market. Seller states approximately 70% of business is repeat and/or referral. Great location downtown.
Growth & Expansion:
Great upside for growth oriented buyer willing to hire additional technician and/or service writer.
Financing:
SBA Pre-Approval with 10% down
Support & Training:
Seller will provide 2 weeks of training at no charge.
Reason for Selling:
Retiring and relocating.
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Contact the Seller

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Ron Schwab

Business Listed By:
Ron Schwab

Nor Cal Business Sales

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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