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Marina Del Rey

  • Listing No.: 130-00152

  • Category: Auto

Asking Price $440,000
Down Payment
Gross Revenue $558,643
Total Adjusted Net Income $184,804
Equipment / Fixtures $40,000
Year Established
General Location Marina Del Rey
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This is the gem of auto repair shops! If you’re in the auto business, you need this shop! Featuring a corner location on a major thoroughfare in the premium Marina Del Rey/ Venice, Los Angeles area, this shop serves the high per capita income, non-price sensitive, and trusting population of the West LA area. This is a very clean auto shop. This shop has been around since 1946 and features loyal repeat customers. The shop provides full automotive repair, oil changes, engines, brakes, tune-ups, AC service, transmission, mufflers, tires, and auto body work. The shop also has a specialty in Mercedes vehicles. The shop has 4 bays, 4 lifts, 2 tire machines, 1 balance machine, 2 air compressors, 3 car scanners, and more all included in the sale. Plus, the deal comes with a below market, 17-yr lease that increases only $500/mo. each annual renewal term! Rent is currently $6,500/mo. for approx. 2,900 SF. Included in the lease is a right to purchase the property, per Seller! Sales are stable and growing each year without advertising due to the growth in the residential area and reputation. Shops like this are rare! Inquire now!

Gross Revenue $558,643 Listed Price $440,000
Total Income $184,804 Down Payment
Base Rent $6,500 Square Feet 2908
Total Rent $6,500 Lease Expiration 4/2021
Rent Deposit $6,500 Lease Options 3/5
Inventory $5,000 Leasehold Improvements
Equipment / Fixtures $40,000 Other Assets
Full-Time Employees 2 Training Period 2 Weeks
Part-Time Employees Special License Required City Tax Registration, BAR, Hazardous Waste, Seller's Permit, Police Alarm
Contract Staff Reason for Selling Other business interests

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.