Auto Repair Shop - Asset Sale - Under Contract!

Business Overview:

Asset Sale - Auto repair shop/space for lease – Walnut Creek. New lease for new buyer/tenant.

Turnkey – equipped auto repair shop with 3 above ground lifts and 6 reserved customer parking spots.

Approximately 2,800 square foot premise – current occupant is month to month paying $5,600 monthly. The leasing agent sent me this note concerning a new buyer/tenant;

You should let people know we are ideally looking for the below terms. There may be some flexibility in terms, particularly in the first year;

•1 - 5 year term
•$1.80/sf, NNN $0.55/sf opex (operating expenses) @ 2,688 SF = $6316. /- monthly.
•4% annual increases

Landlord shall have the following rights to terminate the lease:

Default by Lessee: If, at any time during the Term or Extended Term, Tenant does not timely pay all Rent when due for two (2) consecutive months, in addition to any and all rights of Landlord under the Lease or any applicable laws, Landlord shall have the right to terminate the Lease on thirty (30) days’ written notice to Tenant.
During Extended Term (Option Period): Lessor shall have the right, at any time during the Extended Term, to terminate the Lease upon at least six (6) months’ prior written notice to Lessee.

For lease is an established auto repair shop in a strip center sharing other auto repair type businesses.

Keep the current name or start from scratch. Past customer list available with some office equipment plus the shop. The current tenant has used up his lease and is ready to move out. This is an Asset Sale - no books and records available just the garage space and the majority of equipment with exception of the sellers personal tools. Some of the equipment includes; Floor jack, A/C machine, battery charger, brake bleeding machine, floor fan, Matco rolling chair, fluid evacuator, 3 service carts, 3 lifts, 2 = 8000lb and 1 10,000lb, bench with grinder, Snap-On oscilloscope, 2 engine stands, spring compressor, 2 transmission jacks, battery tester, A/C electronic leak detector, VW/Audi wheel lock kit, BMW wheel lock kit. Snap-On camera, MBZ balance shaft tool kit, MBZ ABS flushing tools, MAC windshield wiper arm puller set, AGA smog cap adapter, BMW camshaft alignment tool, 6 car stands, engine lift…and more! Come see for yourself – fill out a standard non-disclosure agreement available from the listing agent for the name and address.

No broker coop.

DISCLAIMER: The information has been supplied to the Broker by Seller. Broker expressly disclaims any and all liability for representations of warranties, expressed or implied, contained in such information, or for omissions from them. Broker believes the information to be correct, but has not verified or checked it. Any agreement or decision by buyer to pursue a transaction regarding this business should be based on further investigation by the buyer.

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Property Features and Assets:

NOTE - as of 5-10-2023 we have an accepted offer. Back up offers welcome.

Reason for Selling:

Relocating

Additional Details:

Documents:

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