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Business for Sale Summary

Auto Repair Shop - 22349

Business Type: automotive dealers/ auto retail,auto repair,auto/truck mechanical repair,best deals!,new to market,business with property available,seller financing available
Owner Financing
Auto Repair Shop
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This business has received 34 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $695,000 Down Payment $175,000
Gross Revenues $400,000 Lease Remaining Register Free to View
Owner’s Cash Flow $140,000 Number of FT Employees Register Free to View


$175,000 Down and 15 Yrs. 500,000 Finance

Business Description

Suffolk east end auto repair shop and NYS Inspection with ground lease. Building cost seller $325,000 6 years ago plus $75k equipment. This is all included!!!!! Center also doing photos for insurance companies. Ground lease has 14 years left with 3% increases and that can be increased for a longer period of time. Seller has very profitable low overhead shop. Due to recent deaths in sellers family he lost his motivation. He overpays salaries. Buyer can advertise, promote and do more hands on repairs and greatly increase cash flow. This business has been at this location for 24 yeas however building and ground lease is only in the past six years. This shop is located on the side of a large branded gas station with busy c-store. Great location for branded or franchise repair shop, towing company or oil change center. GREAT LOCATION. TAXES UNDER $6500 PER YEAR. THIS STATION DOES MOSTLY INSPECTIONS AND IS PROFITABLE. Seller will sell building and ground lease for a low down payment of 35 percent and will hold notes, 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.