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Luxury Car Repair And Sales
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1902111
Net Profit / Cash Flow $419139
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1987
Number of Employees 4 - 5
Inventory 25000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training 2 weeks for 40 hours per week
Reason for Sale Retirement
Description San Jose Luxury Foreign Car Repair and Sales BTI # 7978 CA R/E License#01160661
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 Lease Expires 4/30/2020
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
Click Here To Contact Seller
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