Business for Sale

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Business for Sale Summary [Non-Confidential]

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Kings County, NY

Business Type: auto repair,auto/truck mechanical repair,retailing businesses,services businesses,repair services

Recorded Info
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Non-Confidencial Financial Infomation

  • Asking Price

    $255,000.00

  • Gross Revenues

    $898,000.00

  • Financing

    $ 255,000.00 Down

  • Owner's Cash Flow

    $333,100.00

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Business Description

Very Very busy auto body repair shop specializing in high-end custom upgrades and insurance claims. Insurance accounts for 80% of business. Custom painting 15% of business. Well-known in local auto industry and frequented by music and sport celebrities for speciailized jobs. Sale includes use of entire building (unused 2 offices upstairs can be rented out for additonal income) and 2500 sq. ft. lot. New business owner has 1st option to buy building and adjacent lot (approx. $2mm; see landlord). New owner can apply for auto dealer license and derive additional income on used car sales. Equipment includes all tools, 1 lift, 1 drive on frame-machine, 2 compressors, 1 down-draft spray booth, paint mixers, battery chargers, stud puller, all air-powered/pneumatic tools, riveters, door skin tools, go jacks and more. Its a must see. Lot is full of up-coming jobs many of which are imports and luxury cars.

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