Financing: $125,000.00 Down and $65K over 4 yrs. @ 6%.
Reason for Selling:Othe business interests.
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.
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