Auto Repair and Tire Center – Real Estate Available
San Diego County, CA
Every once in a while, a truly rare opportunity becomes available for sale to a qualified Buyer who is seeking an auto service business with exceptionally high sales and profits. This high-end, San Diego County independent import and domestic auto repair specialist exceeds new car dealer standards for customer service, facilities, and overall 4.8 star internet reviews. The Business achieved a remarkable recovery from the impact of COVID-19, reaching $2,340,000 in sales in 2021, an increase of nearly $445,000, or 23% above 2020 sales. The Business generated an excellent Cash Flow of $544,000 in 2021, affording an active owner/operator an outstanding salary after debt service. The owner expects that a Buyer will take advantage of purchasing the real estate for $2,500,000, which will add $132,000 per year in Cash Flow by not having a rent payment. The Business is fully staffed with a General Manager, Service Manager, five Technicians and a Shop Assistant. Deemed an essential business, the auto center remained open during the COVID-19 Shelter in Place. Its business recovered quickly and is now surging from pent-up demand as vehicle owners return to previous driving habits. The Business is well established with over fifty years of goodwill, fantastic Internet reviews, and a loyal clientele. Located adjacent to one of the busiest corners in San Diego County and near a major interstate highway, the Business has built an excellent reputation for providing cost-effective, personalized service as an alternative to the expensive car dealerships and chain operations. The large, 4,870 square foot ten-bay shop comes complete with the state-of-the-art equipment required to run a high-end auto repair and tire center, including diagnostics, engine performance, brakes, tires, oil change, steering and suspension, starting and charging, hybrid service, and heating and cooling. Experienced, highly trained Managers and ASE Certified Technicians will support an entrepreneurial new owner who wishes to further grow the business. The Business also benefits from having a CA Smog license, highly-rated AAA Approval, and A+ Better Business Bureau rating. The Seller will provide extensive training and support during the transition period to ensure the success of the Buyer. The Asking Price for this profitable Business is $1,650,000, plus $10,000 in inventory. By purchasing the real estate for $2,500,000 the Buyer will benefit from a $132,000 rent savings, which can be put towards the financing payments. The Business qualifies for 90% Bank/SBA financing, so a down payment of approximately $420,000 will be required from a qualified Buyer to purchase the turnkey package of business assets and property. With a great reputation for quality, convenience and trusted service, this Business offers a Buyer a unique opportunity to control your own destiny and realize your dreams of owning a respected business in a prosperous San Diego area community. This opportunity is being offered through Empire Business Solutions - DRE#01488246.