Auto Shop W/Seller Financing @8% In Modesto, CA.

Business Overview:

Established in 2005, this modern shop offers many services including engine repair, tune-ups, muffler work, transmission, air conditioning, shocks, diagnostics, computerized alignment and more. Four bays are utilized in current operations; each with a lift (one in-ground), full tool setup, overhead fluids and computer access to the recently updated operating system, which offers tablets for checking in customers outside. Sold turnkey, including a tire machine, tire balancer, A/C 134A, A/C 1234YF, Sprint compressor, air compressor, parts washer, brake lathe just to name a few. The space includes a lobby, service counter, manager's office, customer bathroom and technician's bathroom. The seller, who spends 25% of his time working as a back-up mechanic, owns the building, which has two additional, unused bays and a small office for the buyer who would like to take the business to new heights from a four-bay shop to a six-bay shop with smog, tires or other additional services. The entire space is squeaky clean, organized and professional. The outside of the building, located on a busy street with great drive-by exposure, is tidy and has adequate parking. The courtesy vehicle for customer pick-up and drop-off is included in the sale.

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Property Features and Assets:

Monthly Rent: $3,850.00

Square Units (Foot, Meter): 3,500

Terms Options: Seller owns the building, will craft mutually beneficial lease with buyer.

Facilities: Four bays, one office, two bathrooms, one lobby, one manager's office (semi-private)

FF&E Overview: Fully-equipped bays with all tools necessary to perform most auto repairs. Large tool boxes in each bay, lifts, tire machines, computerized alignment machine, overhead fluid delivery wheels, office and lobby furniture. All in good condition and included in the sale.

FF&E General Condition: Very good

Market Competition and Expansion:

Potential Growth: The current shop is busy and the owner is comfortable with the size of the operation and income. A buyer looking to grow the business should lease the adjacent, additional two bays to add growth to the business and their bottom line, possibly offering additional services like smog or tires.

Reason for Selling:

Retirement

Additional Details:

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