David David
Sun City, CA (USA)
Role(s):
Founder/Owner/Principal
The Tune Up Center
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Startup
Location:
Sun City
Industry:
Automotive
Year Founded:
2008
Number Employees:
1-10 people
Description:
Independant Auto Repair Facility. Have option to purchase. Owner was asking 25k, negotiated 17k with 10k down; 1k month in payments. Current owner ill; wants out.
Same location 10 years. About 50k in equipment. Smog facility; 2800 sf 5 lifts. $1600.00 month lease.
I personally have asking price but need finances to be liquid. Looking for 25k. 10k down with 15k operating expense.
Sales currently @ 15k month. prior sales (3 yrs ago) 50k a month.
Anticipated sales of 30-45k within 6 months.
Personally own about 50k in new shop equipment. Dad owned shop for 30 yrs. My turn. I will be absentee owner, he will operate. i currently have corporate management position with large collision consolidator and am keeping position. Have been around car industry entire life.