Tire Shop + General Auto Repair
Business Description
* Established tire and auto repair shop, comes with all equipment necessary for a turn-key operation.
* Owner is retiring after being in this location for 27+ years.
* Includes all trade secrets, licenses, and suppliers.
* 27,380 Vehicles/Day along Alondra Ave and 22,400 Vehicles/Day along Woodruff Ave.
* Next to Jiffy Lube, ARCO + 76 gas stations on hard corners.
* Business receives an average of 6,400 customers visits per year.
* Sublease (month-to-month) covers 98% of rent obligation paid by tenant. Tenant runs a complementary business doing window tints, stereos, and other electronics. In-place for 15 years.
* Seller financing proposal to a qualified buyer.
* Demographics: 36,285 people within 1 mile, average household income $95,484 within 1 mile.
* Growth potential (see below).
* Owner is retiring after being in this location for 27+ years.
* Includes all trade secrets, licenses, and suppliers.
* 27,380 Vehicles/Day along Alondra Ave and 22,400 Vehicles/Day along Woodruff Ave.
* Next to Jiffy Lube, ARCO + 76 gas stations on hard corners.
* Business receives an average of 6,400 customers visits per year.
* Sublease (month-to-month) covers 98% of rent obligation paid by tenant. Tenant runs a complementary business doing window tints, stereos, and other electronics. In-place for 15 years.
* Seller financing proposal to a qualified buyer.
* Demographics: 36,285 people within 1 mile, average household income $95,484 within 1 mile.
* Growth potential (see below).
About the Business
- Years in Operation
- 28
- Employees
- 2
- Facilities & Assets
- * Facility was built by the landlord to suit the current business.
* Lease has nearly 10 years remaining and 3% annual rate increases built in.
* Comes with all equipment necessary to run the operation including balancer, dismounters, alignment machine w/ computer, compressor, vehicle hoist, hand tools, and misc other equipment. Equipment has an estimated FMV of $124K. - Market Outlook / Competition
- * Next closest tire shop is ~1 mile away.
* Located on the SE block of Alondra Ave (27,380 Vehicles/Day) and Woodruff Ave (22,400 VPD).
* Nearby tenants help drive customer traffic including: ARCO w/ AMPM, 76 Gas Station, and Jiffy Lube (adjacent). - Opportunities for Growth
- * Potential to increase sales by introducing credit and debit card payment options.
* Growth potential through improving advertising and branding, particularly through social media.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,844
- Rent
- Not Disclosed
- Lease Expiration
- 9/30/2033
About the Sale
- Seller Motivation
- Retiring
- Transition Support
- * Owner is willing to train 2-4 weeks.
- Financing Options
- To a Qualified Buyer: 50% down, 6.50% Fixed, 15-year amortization, 4-year maturity.
Listing Info
- ID
- 2300492
- Listing Views
- 1609
Attached DocumentsAttachment Disclaimer
Listing ID: 2300492 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleCalifornia Businesses for SaleCalifornia Auto & Automotive Businesses for SaleCalifornia Auto Body & Repair Businesses for Sale
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