Background
| BizEx ID: | BizEx1448-AK |
|---|---|
| General Location: | Greater Torrance, CA |
| Category: |
Automotive Dealers Auto Repair, Parts & Services |
| Years in Business: | 15 |
| Under Present Owner: | 15 |
| Hours of Operation: | mon-fri 8am-5pm |
| Owner Hours: | mon-fri 8am-5pm |
| Training: | 4 weeks @ 20 hours |
| Organization Type: | S-Corp |
| Lease Expiration: | new lease |
| Lease Options: | new lease |
| Building Size: | 1500 sf |
| Employees: | 6 |
| Reason for Sale: | Other Business Interests |
Financials
| Asking Price: | $595,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $3,997,191 |
| Discretionary Cash Flow: | $300,468 |
| FF&E: | $70,000 |
| Inventory Included? | Yes |
| Inventory: | $100,000 |
| Min. Operating Capital: | $100,000 |
| Real Estate Available? | No |
| Rent: | $5,500 |
| Payroll: | $25,000 |
| Financing: | SBA |
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Gross Sales | $ 9,997,191 | $ 4,352,586 | $ 3,352,029 |
| Gross Profit | $ 531,232 | $ 442,392 | $ 409,530 |
| Disc. Earnings | $ 300,468 | $ 277,482 | $ 249,544 |
Description
Established, successful wrecking yard with excellent cash flow.
Two businesses in one place. They sell late model vehicle parts to a growing worldwide market. They also buy, modify and sell vehicles to purchasers around the globe.
Wrecking yards are a recession proof business that does equally well in hard and good times.
Experienced yard and parts managers provide management.
Our Southern CA economy is vehicle driven so the perfect place to be a supplier of parts and vehicles is in Greater Los Angeles. However, the Internet brings customers from all parts of the USA and even worldwide.
You have the best of two worlds as the business can't be successfully outsourced but you can export parts and cars.
This business is a bargain as it will sell for less than the retail value of the inventory and the equipment.
It is pre-approved for an SBA loan.
The location is secure and the rent is excellent.
If you like cars you will love this business.
Sufficient capital for vehicle sales is essential for success.
Interested parties please register as a buyer at www,bizex.net then call Arthur Kessler 310 650-7900 cell. Lic. #01227004
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.
