Listing ID: 76763
Business Overview
Description:
This Automotive Service and Repair shop is located in the heart of Newark, CA. This Diamond Certified business has built and maintained a reputation of outstanding service.
Full service and repairs shop for domestic and foreign automobiles.
Equipment: 5 Lifts (3 inside, 2 outside), Pressure washer, Air Compressor, AC testing machines, Transmission Jack, Engine Jack, Tire installer, Tire balance machine and, much more. A full list of Furniture, Fixtures, and Equipment is available with the listing Broker.
General Information:
Organization: Corporation | Square Footage: ~2000 Sq. Ft (subject to confirmation). | Licenses Required: City Bus License, Sellers Permit, Bureau of Automotive Service, Environmental Health| Business Hours: Mon to Fri (Sat-Sun closed) 9:00 am –6:00 pm | Two Weeks Training for Buyer | Reason for Sale: Other Business Interests
Lease Information
Rent: $5300/Month including NNN, Current leasing ending May 31st, 2026 + 5yr option.
Revenue:
Gross Sales: $70,000/Month (as per seller, not verified by the Broker)
Financing: All cash
All information contained in this document resulted from representations by Seller. Mission Peak Brokers, Inc. and its agents can not and will not verify the accuracy or completeness of any information. Purchasers must verify any such information themselves and should engage legal and financial advisors to assist with the process.
Financial
- Asking Price: $179,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $8,000
- Inventory Included: N/A
- Established: N/A
Seller training included
Other business interests
Additional Info
The deal doesn't include inventory valued at $8,000*, which ins't included in the listing price.
The building is leased by the company for $5,300 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell operating businesses. However, the genuine factor and the one they say to you may be 2 totally different things. As an example, they might say "I have way too many other obligations" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may just be excuses to try to conceal the reality of transforming demographics, increased competitors, current reduction in profits, or a range of various other reasons. This is why it is extremely important that you not count completely on a vendor's word, yet rather, use the vendor's response in conjunction with your general due diligence. This will paint a much more sensible picture of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies borrow money in order to cover items such as stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can indicate that earnings margins are too thin. Lots of businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that must be satisfied or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract new customers? Most times, companies have repeat consumers, which develop the core of their day-to-day profits. Specific factors such as brand-new competitors growing up around the location, roadway construction, and staff turn over can influence repeat clients and also negatively affect future profits. One crucial thing to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business often, the greater the possibility to build a returning client base. A last idea is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? Just how might the regional average household earnings influence future earnings prospects?
