BizEx76-JD: Automotive Repair Biz in West L.A



Background:

General Location:3817 Selpulveda #i Culver City, CA
Category:Automotive
Services
Years in Business:3
Under Present Owner:3
Hours of Operation:Mon-Sat 8am-5pm
Owner Hours:40
Training:3 weeks, 20 hours/week
Organization Type:Sole Proprietor
Lease Expiration:N/A
Lease Options:Expires in 2011. Reneweable.
Building Size:1,900 sqft
Employees:0 FT; 3 PT

Reason for Sale:
Moving out of state

Financials

Asking Price:$80,000
Down Payment:Negotiable
Gross Sales:$300,000
Discretionary Cash Flow:$85,000
FF&E:$ 30,000
Inventory Included?Yes
Inventory:$ 2,000
Minimum Operating Capital:$ 5,000
Real Estate Available?No
Real Estate Asking Price:$ 0
Rent:$ 4,000/month
Payroll:$ 2,400/month
Financing:Call

Gross Sales
Gross Profit
Disc. Earnings

* YTD as of , ** = Prorated.

Broker Info


John DeGolyer
Business Broker
(310) 882-2200 ext 109
LIC# 01859016

Summary

For Sale is a centrally located west Los Angeles high visibility mechanic shop that deals with mid to high end vehicles. The owner has been in business for over four years with an extensive client list. The business also has ongoing contractual service agreements with 2 taxi companies, servicing all their vehicles every month. The business is located in a lot with other complementary businesses. There are two experienced part time workers who can switch to full time if the new owner has no auto repair experience and need them to perform full time. The good news about this business is that it runs almost without any marketing and it is still very profitable. The gross revenue for 2007 and 2008 was over $300K. A new owner with a little bit of marketing expertise can indeed raise this current revenue state. The current owner is an experienced mechanic who has been in the business for over 7years. The combined experience of the two part time workers can supplement for his departure. Although the owner prefers the potential new buyer to have automotive experience, he is willing to train before departure. The current owner is moving out of state due to family commitments. Interested parties should register as a buyer online at www.BizEx.net or call Samson A. Okhade at 310-882-2200 x 107 for more details on this exciting opportunity.


More Details

If you'd like more information about this listing, please register with us or log in to your existing buyer account.

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.