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Business for Sale Summary

Auto Repair and Auto Sales - A Steal! - 28093

Business Type: auto/truck mechanical repair,automotive dealers/ auto retail,best deals!,new to market,seller financing available,auto repair
Auto Repair and Auto Sales - A Steal!
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Financial Information (non-confidential)

General Information
Asking Price $190,000 Down Payment $125,000
Gross Revenues $2,000,000 Lease Remaining Register Free to View
Owner’s Cash Flow $207,467 Number of FT Employees Register Free to View


$125,000 Down and $65K over 4 yrs. @ 6%.

Business Description

Auto Repair and Auto Sales - A Steal of a Deal! There are actually two businesses in one sale. First, we have a mechanical auto repair business known throughout Suffolk County for diesel repair. In fact, they have been established for over 40 years with a great reputation. The shop is approx. 3,000 sq. ft. with 4 bays and 6 lifts (5 indoor and 1 outside). The mechanical repair side of the business alone grossed approx. $1mil in the past year. Secondly, we have the auto-sales part of the business. This is a licensed auto dealer averaging approx. 20 auto sales per month. Very few deals are financed and they do have a vehicle floor plan. Auto sales were approx. $1mil in the past year as well. The approx. net income for the business in the past year was $207,467.00. The current rent is $5,795/mth. (incl taxes) for the 3,000 sq, ft. shop and nearly 1 acre of property for auto sales and parking. The landlord will allow you to sublease part of that gated property for some extra income. Additionally, he is willing to offer a long term lease of 10 yrs. or more and/or sell the property. We are seeking a serious and financially qualified buyer with at least $125K in liquid funds to cover the downpayment. All candidates must have some previous business experience, preferably in mechanical auto repair, auto sales or management. 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.