Auto Lube Service For Sale - Culver City, California, CA - Los Angeles County

PROFILE: Ck0009

AD/LISTING INFORMATION
Status: Available
State: California
Location: Culver City
County: Los Angeles
City: Culver City
Primary Category: Auto Related
Alternate Category:   None Given
CONTACT INFORMATION  
USABizMart Ad #:  128758
Seller Or Contact:  Charles Kim
Primary Phone:  323-836-4726
Alternate Phone:  None Given
Email Address:  See Form Below
Date Ad Started:  8/27/08
Date Ad Last Revised:   8/27/08

FINANCIAL INFORMATION
Asking Price: $89,000
Down Payment: $89,000
Annual Revenue: $194,000
Annual Adjusted Net: $55,000
   
Price Range: $100,001-$250,000
DETAILED INFORMATION
Franchise: No
Relocatable: No
Home Based: No
Lifestyle: No
Real Estate Included: No
Bkr To Bkr Cooperation: Call

DESCRIPTION: Summary Description
Local Established Goodwill. Auto Lube And Service. Oil Changes, Lubrication And Complete Brake Service Are The Main Services Offered. This Is A Very Profitable Owner Operator Shop With Growth Potential. Current Owner Owned For Three Years With Steady Growth Every Year. Excellent Location In Busy Auto Repair Mall. Great Location On Venice Blvd With High Visibility. Inventory And Equipment Value Of Nearly $60,000 Included In Sale. Gross Sales Over $190,000/Year With Adjusted Net Income Over $55,000 For Owner-Operator. This Was Accomplished With Satisfied Loyal Customers, Word Of Mouth, And Almost No Marketing. Basically A Turnkey Operation. All Equipment, Fixtures, Databases, Phone Numbers, And Signs Included.

General Information
Facilities: Currently Has 3 Year Lease With Another 3 Year Option. 3,000 Total Square Feet Facility, That Includes A Large Bay For Up To 4 Cars And 2 Pits With Safety Grates. Underground Level Has Plenty Of Storage Space. Must See In Person To Truly Appreciate The Existing Buildout And Value. No Toxic Or EPA Issues. $5,000/Month Includes Nnn.
Competition: High Visibility And Traffic With Great Neighborhood Trade! The Shop Has Enjoyed A Loyal Customer Base And Has Favorable Reviews By Past Customers In Many Online Directories.

Growth And Expansion: As A Neighborhood Shop With Great Visibility From The Street, It Would Benefit Greatly From Later/Earlier Hours, More Marketing And Weekend Openings. You Can Takeadvantage Of The Facility With More Hours And Build On The Profitable Situation In Place.
Support/Training: Seller Will Stay On For 2 Weeks For 30 Hours/Week For Training And Transition.
Reason Selling: Seller Has Other Business Interests.
Year Established: 2005
Employees: 2

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