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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

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Luxury Foreign Car Repair And Sales

Location  California,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $1902111
Net Profit / Cash Flow  $419139
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1987
Number of Employees  4 - 5
Inventory  50000
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  Two weeks for 40 hours per week
Reason for Sale  Retirement
Description  BTI # 7978 This business is a well established and well run luxury foreign car repair and foreign used car sales operation run by a husband and wife team. The used car sales are handled by a 1099 contractor with the seller buying the car fixing it and the resulting profit is split 50/50 with the contractor receiving his 50% on a 1099. The present lease rate and terms were negotiated by the seller and although the lease calls for a rent increase after the first three years the rent has not been increased since inception and there are no NNN charges. The landlord will negotiate a new long term lease and will also look at offers to buy the real estate. The business was established in 1987 and the present owner purchased it in 1995 and would like to retire from the business and move out of the area. They run it on a part time basis and normally leave on Thursday for a long weekend. The business has been preapproved by a local SBA lender. Purchase Price $1,000,000 Sales $1,902,111 Cash Flow $419,139 For 12 mos ending Dec 2012 from P&L SBA Loan Available with $300,000 Down Payment Bldg Size: 6,000 Sq. Ft. Rent: $9,100 NNN $0 Employees FT: 5 PT: 0 Owners FT: 0, PT: 2 Reason For Sale: Retirement Lease Exp: 04/30/20 No Option Hours: Mon-Friday 8:00 - 5:00 Farley Gouner Business Broker CA DRE Lic # 01271117 408-385-0402
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