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Auto Repair Shop - Business Only. There for 4 decades.

Los Angeles, CA (Los Angeles County)
Auto Repair Shop - Business Only. There for 4 decades.

Asking Price: $249,000

Cash Flow (SDE): Not Disclosed

Gross Revenue: Not Disclosed

EBITDA: $164,000

Rent: $5,500

Established: 1983

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Business Description

Auto Repair Shop...Heart of Los Angeles...Net Profit - $164,000 @ year

Auto Repair Shop - Business Only.
Sales - $427,000 yearly
Owner is the mechanic and he has 1 employee.
Owner has being there for over 42 years.
In the heart of Los Angeles
Reason for selling - Retiring.
Inside Sq Footage - 5,000 sq ft
Bays - 6, with a store room in the back.
Very very Clean Operation and Clean Books & Records
Lease - 5+5+5
Rent - $5,500 + $585 (Property Taxes)
Rent will go up every year 2% and Buyer to have the option to buy the land.
Net Income on the tax returns - $164,000
Hours of Operation - 8am to 5pm

Asking Price - $249,000 + Inventory.

Ad#:2442350

Detailed Information
Location:
Los Angeles, CA
Inventory:
$35,000
Not included in asking price
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
$85,000
Included in asking price
Growth & Expansion:
You can open the shop for a lot longer. He closes the shop at 5pm and does not open on the weekends. You can open it on the weekends also.
Financing:
It is a CASH DEAL
Reason for Selling:
Retiring
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Nancy Seth
Business Listed By:
Nancy Seth Pryia International Inc.
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Nancy Seth
Business Listed By:
Pryia International Inc.
Phone Number

Ad#:2442350

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