Last Revised: 9/18/19. Posting #: 249065
Key Words: auto repair, tires, san bernardino
Financial Info: Price: $850,000+ Inv. Down: Call. Adjusted Net: $269,000. Annual Revenues: $1,308,000. Pre-qualified for 90% bank/SBA financing over a 10-year term. Two locations: combined 3-year sales average of $2,114,000, combined asking price of $1,075,000. Offered together or individually.
Profile: Are you looking for an amazing opportunity to purchase one or more independent auto repair and tire centers in San Bernardino county. The business is well established with over 34 years of goodwill, excellent reputation for customer service, and average sales of $1,354,000 over the last three years. Average cash flow over this period was $273,000, affording an owner/operator a lucrative salary after bank payments. The business comes with the tire and automotive equipment required to run a full service auto repair business, including alignment and total car care. It is along a heavily traveled retail corridor 1/2 block from a major i-10 interchange, with a traffic count of 31,000+. Eight experienced employees will support an entrepreneurial new owner who wishes to further grow the business. The seller will provide training and support during the transition period.
The 8,800 square foot prototype building has ten service bays and lifts, an attractive customer reception and tire/wheel display area, a huge area to store tires and parts, 2nd floor offices and 40 parking spaces.
The asking price for the business is $850,000, plus inventory. The business is pre-qualified for 90% bank/SBA financing over a 10-year term.
The local owners operate two tire and auto centers in San Bernardino county. With combined 3-year average of sales of sales $2,114,000 and a combined asking price of $1,075,000. The businesses are being offered individually or as part of a multi-location sale. Long term lease with attractive terms.
The owners have been in the business for nearly 35 years and are motivated to retire. 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 the community.
Professional Resources & Contacts To Help You Close Your Deal!
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
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Key Words: escrow, bulk sale, helen yoo, new century escrow
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Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
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Profile: BizBenNetwork Manager Jordan Green explains the importance of keeping the potential sale of a business confidential and provides business owners with helpful ways to successfully keep their business’s sale a secret, as well as the consequences for disclosing a business’s sale prematurely.
Key Words: confidential, confidentiality, selling a business, non-disclosure agreement, business owner, owner/seller, owner seller, seller, qualified buyer, business broker, business brokers, nda, jordan green
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