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Business for Sale Summary

Auto Body, Towing Car Rental- Kings County, NY - 28973

Business Type: auto repair,auto/truck mechanical repair,passenger transportation / limo,best deals!,must sell/drastic price reduction!,new to market,seller financing available,auto body/collision repair
Auto Body, Towing Car Rental- Kings County, NY
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Financial Information (non-confidential)

General Information
Asking Price $1,750,000 Down Payment $1,000,000
Gross Revenues $2,359,448 Lease Remaining Register Free to View
Owner’s Cash Flow $808,948 Number of FT Employees Register Free to View

Financing

$1,000,000 Down and $750K over 4 yrs. @ 6%

Business Description

Highly-profitable auto body, towing and car rental business. Major price reduction. Established in 1969, this business is well-known throughout Brooklyn. There are three businesses in one. 1. Auto Body is the largest, generating approx., $1,900,000.00 in gross sales in the past year. Business is 90% insurance work. 2. Towing generated approx. $300K gross in the past 12 months. The sale includes 7 tow trucks and an NYPD towing contract. 3. Car rentals generated approx. $300K gross in the past 12 months. There are 24 vehicles in the fleet. The business occupies approx. 26,000 sq. ft., with a lease of 20 years, with standard 3% annual increases. Rent is 20,750/month. Total net cash flow, from all 3 divisions, was approx. $775,000.00 in the past 12 months. The sale price also includes approx. $400K in tow trucks, $400K in rental fleet (all 2014 or newer), and $300K in body shop equipment. The seller can sub-divide the businesses, if preferred. The manager and full-time staff is in place and will stay working. The seller is willing to provide 6 months training and support. We are seeking a serious and financially qualified buyer with at least $1,000,000 in liquid funds for the downpayment. Proof of funds will be requested. If you meet the criteria, please call Mel Vaz at 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. kg

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.