21st Century Auto Services

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Under Contract

Background

BizEx ID:BizEx1382-AK
General Location:Greater Moorpark, CA
Category: Auto Repair, Parts & Services
Automotive
Years in Business:9
Under Present Owner:9
Hours of Operation:7:30 am-5:30pm
Owner Hours:7:30 am-5:30 pm
Training:3 weeks @ 20 hours
Organization Type:S-Corp
Lease Expiration:4/1/22
Lease Options:1 5yr
Building Size:5,000 sq ft
Employees:8
Reason for Sale:Moving Out of State

Financials

Asking Price:$1,445,000
Down Payment:Negotiable
Gross Sales:$1,763,032
Discretionary Cash Flow:$612,689
FF&E:
Inventory Included?No
Inventory:$3,000
Min. Operating Capital:$65,000
Real Estate Available?No
Rent:$7,318
Payroll:$36,400
Financing:SBA

2121 Jan-Sept 2020
Gross Sales $ 1,315,312 $ 1,495,813
Gross Profit $ 801,126 $ 849,316
Disc. Earnings $ 508,189 $ 612,612

Description

Fantastic Opportunity to own this high end European auto services business.

The business is pre-approved for an SBA loan by two major lenders.

Loyal and devoted customer base.

The shop is certified with factory trained technicians.

State of the art diagnostics.

ASE certified mechanics.

Customers appreciate lower cost than dealerships and free drop off and pickup shuttle.

Owner wishes to move out of CA after more than 30 years of success.

Shop looks as beautiful as the quality work it performs.


Download Setup Sheet



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.




Arthur B. Kessler
Business Broker / M&A Advisor
4640 Admiralty Way, Suite 500
Marina Del Rel, CA 90292
Office: (310) 882-2200 ext 126
Direct: (310) 650-7900
Lic#: 01227004




Tony Miller
M&A Advisor
4640 Admiralty Way, Suite 500
Marina del Rey, CA 90292
Office: (310) 882-2200 ext 143
Direct:
Lic#: 02004232

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations