Excellent Location + Option to buy the land after 5 years
Auto Repair Shop...Heart of Los Angeles...Net Profit - $164,000 @ year
Auto Repair Shop - Business Only + Option to buy the land after 5 years.
There is a 1 bedroom apt on top of the store which is rented out for $1,500 @month
BUT not included in the sale. When the buyer buys the land, he will have access to it.
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#:2455600
