Business For Sale Listing 157693
Silverlake Area Auto Repair Shop w/Owner’s Apt!
Status as of Jan-7-2009 at 05:59 PM: Active
Business Summary
This Los Feliz / Silverlake auto shop has been the envy of local mechanics for years due to its several unique attributes. This shop's unbelievable selling points include an unmatched facility lease rate at only $0.62 per sq. ft., which includes an owner's apartment with a breathtaking view, 4 lifts, a great reputation and a stable 'base' level of general automotive and transmission repair business (paint and body work cannot be performed in this facility). At present this auto shop wholly relies on its location for advertising and marketing, and does not court local residents directly, pursue commercial clients or seek to have relationships with insurance providers.
This amazing 7,000 square foot facility leases for only $4,400 per month on a lease valid until April 2009, with one 3 year option. This facility comes complete with a first class 500+ sq. ft. owner's apartment with an believable view - all for only $4,400/month.
This facility occupies one of the best locations in the Los Feliz / Silverlake / Sunset Area, and offers clients secure auto storage, providing it a distinct competitive advantage.
This business has not been run as a profitable enterprise. Rather, this shop has been the Seller's "Hobby Business" employing only 1 other person in a 7,000 sq. ft. facility. As such, there is tremendous opportunity for growth to a serious operator that seeks to capitalize on the location's 7,000 sq. ft. and stellar reputation. New owners will likely seek to court local residents, corporate accounts, and insurance providers.
Categories
Industry
Location
Financials
| Sales: |
Between $100 Thousand And $500 Thousand (210,000) |
| Profits: |
Under $100 Thousand (33,363) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Asking Price: |
Between $100 Thousand and $500 Thousand (175,000) |
