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Business for Sale Summary

Auto Collision Shop with Property for Sale in NY - 35717

Business Type: auto repair,auto/truck mechanical repair,business with property available,misc. service/non-classifiable,repair services,owner financing available,auto body/collision repair
Owner Financing
Auto Collision Shop with Property for Sale in NY
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Financial Information (non-confidential)

General Information
Asking Price $340,000 Down Payment $240,000
Gross Revenues $500,000 Lease Remaining Register Free to View
Owner’s Cash Flow $150,000 Number of FT Employees Register Free to View

Financing

$240,000 Down and 100,000 for 5 years @7%

Business Description

Located in the East End, this niche auto collision and repair shop with a paint room is a fantastic opportunity. With a legal status grandfathered in for 50 years, this shop can hold 5 or 6 cars inside. The property spans 2 acres and includes parking spaces for trucks and cars, which can be rented out for additional income. Surprisingly, the real estate taxes are only $8,000 per year. The shop's location, slightly off the main road, makes it ideal for a large trucking company, limo company, or any type of auto, truck, bus, or transportation company. It is also suitable for a large contracting, landscaping, or tree cutting company. The spacious lot has the potential to accommodate over 100 vehicles with some cleanup. The shop can be rented for $6,000 monthly plus real estate tax, but the seller's preference is to sell both the business and the real estate together. The total price for the business and real estate is $1,200,000 through PMTG REALITY GROUP, with the possibility of seller financing available. A clean Phase 1 testing has been conducted. Currently, the seller collects $2,000 in monthly rent, but there is significant potential to triple that amount under new ownership. This is a money-making opportunity that shouldn't be missed.

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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.