Automotive Business For Sale in 0 California

Business has been established for 14 years - rebuilds all types of auto engines. Business is located in a 5,000 sq ft building and operated on 5 1/2 days per week. They have a long term lease with reasonable rent. Business nets 216K per year currently and previousy netted 275K before the economy slowed down. Approximately 50,000 worth of equipment is included in the price. Long term employees with monthly payroll about 14K. The business averages 9 engines per week----all cash business- no checks or credit cards. Seller will remian for Eight weeks for training and will provide a Covenant Not To Compete. Seller is retiring. Seller may carry up to $200K for qualified Buyer.
A Non-Disclosure Agreement and Financial Statement will be required.

• Selling Assets: Price includes about $40,000 equipment and $40,000 inventory
• Competition: Business is well established with repeat customers
• Expansion: Can expand with advertisement
• Years Established: 14 Years, 14 years with this owner
• Employees: 5 full time.
• Trading Hours: 8 AM - 5 PM (M-F); 9 AM - 1 PM Sat
• Support Training: Seller will Train
• Reason For Selling: Retirement
• Lease Terms: REnt on 5000 sq ft building is $4600 monthly with lease until 2015 plus two 3 years options