Business Overview:
This full service Pasadena auto, collision, repair and tire facility has operated from this location over 20 years. Most of the revenues are generated from the sale and installation of new and used tires, but the business also performs collision repair for insurance companies, private bodywork, auto restoration, paint and body and miscellaneous repair and maintenance work. The owner is entirely absentee, and the business is fully staffed with one tire technician, one mechanic and two body specialists, who handle the day-to-day activities. A working owner could naturally reduce payroll expenses and aggressively promote the business with marketing and advertising campaigns. All of the required permits are up to date and paid for.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This 5,038 square foot facility will lease for $6,500 per month including common area maintenance expense. The landlord will likely offer a new 5 year lease with three 5 year options to a qualified buyer. The sale includes all the assets of the business including the furniture, fixtures and equipment. Inventory estimated at $3,500 will be valued at cost at close and sold in addition to the purchase price.
Market Competition and Expansion:
Competition is high, as other auto repair facilities exist in the area, however Pasadena is reported to have placed a moratorium preventing any new facilities from opening. This business has significant room to grow. The current owner is nearly entirely absentee and focuses most of his time on other business ventures. This business would significantly benefit from a full-time working owner that could increase revenues with added advertising exposure, additional insurance provided collision and repair services, or the replacement of an employee to perform the work themselves, thus reducing payroll costs and increasing owner cash flow.
Reason for Selling:
Personal
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.