Diesel Truck Repair And Service In San Carlos For Sale

Business description

BTI 7739
This business is a complete truck repair center with one owner and two workers who are paid as 1099 contractors. His primary business is keeping Bay Area diesel delivery trucks repaired and serviced. The owner specializes in servicing ground and home delivery contractors and has recently added a profitable tow truck service to his business and will negotiate the sale of the tow truck in addition to the asking price. The truck repair center stocks parts and provides tire service as well. The business includes 2 trucks for repair service for onsite and roadside assistance. The service van is complete with a second set of tools and a compressor. The sale includes state of the art computerized diagnostic equipment. The Pacific Truck Center LLC shop provides timely service to contractors to keep their trucks serviced and running. The delivery company that this business services has high standards and the seller conforms to those standards by performing excellent repair work. The truck center provides on-site service at the delivery company terminal to perform repairs and still does some work on site at the terminal and will include the mobile repair van in the price plus tools and various equipment. There is no contract with the terminal, but the local delivery contractors have grown to rely on his excellent repair and maintenance service. The business and clients have a well established relationship. His wife has taken a job in LA and he commutes there every weekend, there is motivation by both to see this business sold. No employees are shown as the seller pays one FT and one PT worker as 1099 contractors. The price is reasonable @ 125,000 as the business grosses apx. 273,578 and nets apx. 105,158 on an annualized basis as of September 2011 plus the lease is short term so it can be moved anywhere within the Bay Area.
BTI 7739

Property information

Real Estate:

Lease

Lease terms:

Lease Expires 9/30/2011 Option: one 36 month option @ market rent
Rent: Base Rent: $2,657 base rent per mo no rent adjustment Percentage Rent: N/A NNN: $ 40.00 plus Water and PG&E apx. 335 per mo Security Deposit: 2,907

Leasehold rent:

$31,884 per annum

Location:

auto repair center

Premises details:

Premises size: apx. 3,850 sq ft office and warehouse per lease lease expires 09/30/2011

Size in square feet:

3,850

Other information

Support & training:

two weeks at 20 hours per week

Reasons for selling:

moving to LA

Trading hours:

Mon - Fri 8:00 - 5:00

Furniture / Fixtures value:

$25,000 (included in the asking price)

Inventory / Stock value:

$3,000 (included in the asking price)