High Performance Engine Repair & Replacement Business For Sale

Business description

Very profitable high performance automobile repair, tuning, and engine replacement business. The business has been part of the Southern California racing scene and a staple for owners of cars, trucks, and boats with high performance engines for the last 35 years. The business was founded in 1973 and the owner/founder is now retiring. This is a very low overhead business and is operated from a 1650 sq ft facility where customers bring their vehicle or boat for engine tuning, repair, or replacement. Services are priced to yield a cash flow of about 50% of revenues. Sales/services are cash, credit card, or check. The business has outstanding alliances with speed equipment, parts and component suppliers that yield very high margins when priced below available retail. In addition to the existing business, there is an opportunity for a new owner to directly build a high performance parts business. The seller will agree to source high performance engines for replacement needs. Seller will assist a new owner in transitioning the business with both customers and suppliers. Seller will finance the sale and the sales price includes parts inventory of about $60,000 and FF&E of about $35,000.

Property information

Real Estate:

Lease

Lease terms:

1,650 sq ft at $1,100/month

Other information

Support & training:

2 weeks at 20 hours per week

Reasons for selling:

Retirement

Trading hours:

8:30 am - 6 pm

Financing available:

Seller will finance $175,000 of purchase price for qualified buyer

Furniture / Fixtures value:

$35,000 (included in the asking price)

Inventory / Stock value:

$60,000 (included in the asking price)