DescriptionWith a down payment of only $70,000, the SBA will finalize the sale of this high-profit auto repair business. While automotive experience is a plus, strong management skills are a priority for this acquisition.
This SBA-loan-approved business has a 25-year history of strong customer retention and is located in an excellent, newly developed residential area.
Key Highlights:
- Facility: Approximately 3,000 sq. ft. well-maintained shop featuring four lifts, a roll-up door, a storage loft, and a clean reception area.
- Location: High-visibility site with ample front and rear parking.
- Financials: Exceptionally low rent of $1,500 per month with 4.5 years remaining on the lease. Current inventory is valued at approximately $2,000.
- Staffing: Currently operated by the owner and two employees.
- Operations: The shop services all makes and models, excluding German vehicles.
- SBA Note: Please be advised that the SBA will not approve a dramatic change to the business model, such as a conversion to a tire shop.
Financial Performance (per Tax Returns):
- 2024: Gross Income: $436,000 | Net Income: $220,000
- 2023: Gross Income: $497,000 | Net Income: $227,000
- 2022: Gross Income: $536,000 | Net Income: $264,000
- 2021: Gross Income: $554,000 | Net Income: $207,000
The business maintains excellent ratings, and the owner is now looking to retire. Please let me know if you would like more information or if you wish to schedule a time to discuss this opportunity further.
Facilities & AssetsThis is in a great area in Stockton, with loyal customer base. The New housing developement love it because they can drop off the car and walk back home. Very clean nicely kept waiting area. One Bay able to fit at least four cars inside on the lift.