California Towing Auto Repair Business With Excellent Profits For Sale

Business description

Wonderful Opportunity to Own and Operate a Very Profitable Towing and Auto Repair Business. This Business has been in Continuous Operation at the Same Location for Over 35 Years! The Current Owner is Mostly Absentee--Creating a Great Potential for Added Growth with a Hands On Owner Operator.

This Business Features Lucrative Towing and Storage Contracts with Law Enforcement Agencies, and Includes a Large Indoor Storage Facility for Towed Vehicles, Including Evidence and Accident/Insurance Storage.

This Business Features Multiple Revenue Streams, Including Towing, Storage Fees for Towed Vehicles, Auto Repair and Smog Services, and Sale of Lien Cars Unclaimed from Storage after Towing. The Nicely Equipped Auto Repair Shop is in a Prime Location and Underutilized by Current Owner, Providing Nice Potential to New Owner to Increase Revenues and Profits. Repair Shop Area is About 3000 Square Feet and Includes Smog Equipment with a Gold Shield License, 2 Overhead Lifts and Alignment Rack.

Owner is Absentee, and is Selling due to Other Business Interests Outside of the Area

Commercial Property is Also for Sale, Ask Broker for Details.

This Business Has Significant Assets, Including Three Tow Trucks (2 Wreckers, 1 Flat-Bed), Smog Machine and Dyno, 2 Overhead Lifts, Digital Alignment Rack, Radiator Flush Equipment, Video Security System, Welding Equipment, Plasma Cutter, Abrasive Blasting Cabinet, Brake Lathe, Etc Etc Etc. All Equipment is Included with the Sale!

This Business has an Excellent Track Record of Significant Profits. 2010 Adjusted Cash Flow to an Owner-Operator is Over 225,000 (based on information from the Seller, Subject to Buyer Verification). There are Many Ways This Business Would Benefit From a Full-Time Owner Operator and Quite Possibly Increase Profits as a Result. Financial Documents Available Upon Request.

Disclaimer: The Information Provided Here Is Compiled From Information Obtained From The Seller(S). The Broker Makes No Representation As To Its Accuracy Or Reliability. Buyer(S) Should Rely Upon There Own Verification And That Of Their Financial &/Or Legal Advisors With Regard To This Info.

Property information

Real Estate:

Lease

Lease terms:

Prime Location Offering Great Exposure Directly Across from the Busy Costco Super Center. Current Rent is $13,500/month for about 14,000 Square Feet. Lease terms Runs Through 9/2014, and There are Two Five Year Options to Extend the Lease. Commercial Property is Also for Sale, Ask Broker for Details.

Leasehold rent:

$13,500 per sq ft per annum

Location:

Excellent Location in High Traffic Area Offering Great Exposure to the Auto Repair Part of This Business.

Premises details:

Prime Location Offering Great Exposure. Current Rent is $13,500/month for about 14,000 Square Feet. Lease terms Runs Through 9/2014, and There are Two Five Year Options to Extend the Lease. Commercial Property is Also for Sale, Ask Broker for Details. Large Secure Indoor Storage Facility is Key to Success of this Business.

Size in square feet:

Approximately 14,000 Square Feet (unmeasured, subject to verification.)

Business Operation

Expansion potential:

Current Owner is Mostly Absentee, Spending About 1/2 a Day per Week at the Business. Great Opportunity for Expansion with a Hands On Owner Operator. Auto Repair Shop Services are Not Advertised, And Potentially Could Be More Profitable. Multiple Avenues for Expansion with Towing, Including Private Property Tows and Contracting with Auto Clubs.

Reasons for selling:

The Current Owner Wishes to Focus on Other Business Interests.

Trading hours:

8am-5pm Monday-Friday.

Employees:

5, Owner is Mostly Absentee

Years established:

This Business Has Been Established a Long Time, Likely Over 25 Years at Current Location.

Other information

Support & training:

Seller Will Provide a Training Period to a New Owner.

Inventory / Stock value:

$2,500