Profitable Foreign Car Repair Specialist

Thousand Oaks, California

Business Summary: Located in a prime Thousand Oaks automotive center, this foreign car repair specialist has been a fixture in town for more than a quarter century. This is where customers come for excellent, honest service on their German and European models. They service and repair Mercedes Benz, BMW, Volkswagen, Audi, Mini Cooper and Porsche.The service manager is a BMW factory-trained technician with over 20 years experience. They’ve developed tremendous diagnostic skills and drive train knowledge since opening the shop back in 1990.
Year Business was Established: 1990
Number of Employees: 5FT
Facilities / Terms of Lease: It’s a spacious 4-bay shop with a lift in each bay. There are two above-ground, twin-post lifts. The other two are in-ground. Public records show the space is 2,247 square feet but there is additional space upstairs where the owner built an office, adding more usable square footage. The current owner also leases the shop next door and uses it for vehicle storage. It rents for $1,200 per month on a month-to-month tenancy and would be available to a new owner. There are two bays in that space.
Potential Growth/Expansion: There are five fulltime employees, one of whom is the active owner. All techs and service writers are W-2 employees. The books and records are very clean and well documented. Thousand Oaks is an affluent suburban community with median household incomes above $100,000, which is perfect for a German car specialist.
Owner willing to finance: Seller Financing Available
Owner willing to train: Owner Will Train
Reason for selling: Retirement