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Auto Repair: Profitable, Consistent and Specialized
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This Auto Repair business has been family owned and operated since 1989. Consistently profitable, they provide the community of the Conejo Valley with the highest level of automotive service & repair needs. Located in Thousand Oaks, CA, they specialize in the repair of Toyota and Lexus model vehicles. They have ASE certified technicians, and their 5-star Yelp! rating is testimony to their quality and customer satisfaction.
Listed By: Steve Barnett
Background information
Reference:
VBB122
Year established:
1989
Reason selling:
The owner wants to retire and pursue other interests.
Finance
Sales:
$744,000
Profits:
$270,000
Operations
Employees:
2
Equipment:
Included in asking price $100,000
Inventory:
Included in asking price
Premises
Facility:
The business operates out of a 1908sq ft light industrial space. It has 4 bays with Rotary Hoists, and additional an additional bay 3 half bays used for the office and storage. Current monthly lease is $3,962. There are 5 years left on lease extension expiring July, 2028. Furniture, Fixtures and Equipment with an approximate fair market value of $100,000 is included in the sale. Major equipment includes 4 Rotary Lifts, Motorvac 3+ Transmission Flush Machine, air compressor, Robinair Air Conditioning Machine, Robinair Refrigerant Identifier.
Rent and lease terms:
$3,962 per Month
Location:
Westlake Village, CA
Opportunities
Growth:
The business does very little outreach. Additional advertising and marketing will bring in additional business, which could quickly grow the business. The shop could increase their revenues and profits by staying open later past 5, or by being open on Saturday or Sunday.
Price and terms
Price:
$595,000
Financing:
The seller will carry a note of up to 10% for a qualified buyer, if needed to assist
Training:
The owner is committed to ensuring a smooth and successful transition to the new owner. He will introduce the Buyer to all of the key customer and vendor relationships and train the Buyer in the management responsibilities of the business. Understanding the complexities of their operation, the owner is willing to train a new owner for up to 6 weeks at up to 20 ho