Long Established and Profitable Auto Repair Shop

Price: $300,000

Location: Santa Cruz, CA

Industry: Automotive Repair and Maintenance

Listing ID: C4295

Listing Status: New

Description

If you have ever dreamed of being you own boss, living in Santa Cruz, and working with an extremely loyal customer base of over 2,000 highly satisfied customers, this is it.
Auto repair is consistently rated as among the BEST small businesses to be in for 2021, and especially during tough economic times. Car buyers hold off on new purchases and focus on repairs and maintenance.
Ranked one of the top repair shops by a major ranking agency, this auto repair business is walking distance to the ocean in beautiful Santa Cruz, CA. Established over 30 years, with a loyal and consistent customer base. Sales fell 13% in 2020 due to Covid, but are slowly climbing back.
Shop consists of: approximately 2,284 SF, a separate office area, latest computer billing and data system, eight designated extra deep parking spaces, and approximately $150,000 in specialized repair tools. Seller’s personal tools not included in sale. ASE certified mechanics. Four independent lifts keep business pumping five days a week. Owner currently works full time managing shop and also overseeing repairs. New owner could run part time if needed.
Owner is ready to retire and travel, but will stay on and train new owner as needed to ensure a smooth, trouble-free transition. Two longtime senior mechanics are eager to stay.
With a definitely higher-end clientele including Domestic, European, and hybrids, excellent customer service ratings, and a proprietary service contract many repair shops would die for, this auto repair shop is truly one of the gems in the area.
Gross sales: $638,653 3-year average
SDE: $150,696 3-year weighted average
Price: $300,000 + inventory at cost (est. at $15,000)
Shop Size: 2284 SF overall
4 lifts
HIGHLY CONFIDENTIAL. CONTACT BROKER FOR NDA. PROOF OF FUNDS REQUIRED.

LISTING DETAILS

Total Sales: $638,653

Cash Flow: $150,696

FFE: $150,000

FFE Included: Yes

Inventory: $15,000

Inventory Included: No

LISTING BROKER

Rex Walters, PHD

Rex Walters, PHD