BizEx214-RD: Body Shop & Auto Repair

Background:

General Location:Los Angeles, California
Category:Automotive > Auto Repair, Parts & Services
Years in Business:25
Under Present Owner:25
Hours of Operation:M-F
Owner Hours:M-F
Training:2 weeks, 20 hours/week
Organization Type:Sole Proprietor
Lease Expiration:2012
Lease Options:plus a 5 year option
Building Size:7,500 sqft
Employees: 3 FT

Reason for Sale:
Retiring

Financials

Asking Price:$175,000
Down Payment:Negotiable
Gross Sales:$411,169
Discretionary Cash Flow:$86,732
FF&E:$ 0
Inventory Included?Yes
Inventory:$ 0
Minimum Operating Capital:$ 20,000
Real Estate Available?No
Real Estate Asking Price:$ 0
Rent:$ 6,300/month
Payroll:$ 8,000/month
Financing:Call

20102009
Gross Sales323,646411,169
Gross Profit203,336
Disc. Earnings86,732

* YTD as of , ** = Prorated.

Broker Info


Robert Dean
Business Broker
(310) 882-2200 ext 122
LIC# 01720308

Summary

Business for sale is a 25 year old, revenue generating Auto Repair and Body Shop in Los Angeles. This well established business is in the Santa Monica/Venice/Marina Del Rey area. High traffic street with good visibility. The owner started the business 25 years ago and now wants to retire.

The business is on a large lot with two, 2 car bays, and 1 large Spray Booth. One of the bays has 2 lifts and is used for auto repair. The other 2-car bay is used for body work. He has 3 full-time employees who do all of the work, owner manages the business, greets clients and gives estimates.

Owner does not have a website but the business shows up on the first page in many organic search results. Customers are very loyal due to honest repair estimates and high value of repair work at reasonable prices. Seller will work with purchaser to transition customers and business.

To receive a complete Confidential Business Review, please register as a Buyer at www.bizex.net. Registration includes an electronic Non Disclosure Agreement and should only take a few minutes to complete.

Any questions, please contact Business Broker Robert Dean at 310-793-6757 or email: rdean@bizex.net.


More Details

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DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.