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This Business has been Sold!
Closing Date: 09/14/2017

Business for Sale Summary

Auto Repair 10,000sf 6 Bays - 28962

Business Type: auto/truck mechanical repair,best deals!,new to market,seller financing available,auto repair
Sold
Auto Repair 10,000sf 6 Bays
On September 14th 2017, The Undersigned
Acted as the Advisor to the Deal
Melvin L. Vaz
Melvin L. Vaz Senior Broker
Servicing: This Broker is Servicing All of CT, MA, NJ, NY and RI
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $175,000 Down Payment $150,000
Gross Revenues $331,798 Lease Remaining Register Free to View
Owner’s Cash Flow $100,000 Number of FT Employees Register Free to View

Financing

$150,000 Down and $25K over 2 yrs. @ 6%

Business Description

Huge Auto Repair on major roadway. This is a spacious 10,000 sq. ft. shop with 6 bays. They have 3 lifts and 3 open bays. The sale price includes 2 compressors, a tire balance & mounting machine, an inspection machine, an alignment machine, a SnapOn scanner, and more. They also do some light body work and have a dealer license to sell used cars. They are signed up with CarFax. In the past year the business grossed approx. $360,000.00 with a cash flow of approx. $100,000. There are 6.5 yrs. left on the lease and it can be extended for at least another 5 yrs. for a qualified tenant. The rent is $5k/mth with 3% annual increases. We are seeking a serious and qualified buyer with at least $150K in liquid funds and some auto repair experience. If you meet the criteria, please call 1-877-735-5224.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.