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Business for Sale Summary

Auto Repair/Quick Lube Shop in Queens County, NY - 33084

Business Type: auto body/collision repair,auto/truck mechanical repair,auto repair
Auto Repair/Quick Lube Shop in Queens County, NY
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This business has received 54 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $990,000 Down Payment $780,000
Gross Revenues $1,400,000 Lease Remaining Register Free to View
Owner’s Cash Flow $350,000 Number of FT Employees Register Free to View

Financing

$780,000 Down and $210,000 at 7% for 36 months

Business Description

Do Not miss out on this fantastic opportunity! This is a highly profitable oil change business that will be a perfect addition to a company already in the business or an ideal acquisition for a skilled mechanic wanting to become their own boss. In business for over 30 years, this 4 Bay, 3 lift, 4500 square foot shop includes a 1000 sq foot pit for easy under car access as well as a large office area with private bathroom and a well placed waiting area and large viewing window. Customers can relax, watch tv and have coffee while their vehicles are catered to. Rent is reasonably priced and there is a long 15 year lease. This very busy auto repair shop is a one stop service station for all of your car needs. With a wide array of services like oil and filter change to balancing and rotating tires, air condition repair, they have been the GO TO spot for quick and professional service. All equipment is fully paid for and includes a tire balancing machine and a new AC Reclamation machine. The value of the equipment is estimated at 350k. Retiring owner will assist with training so there will be a smooth transition. Seller financing available. Owner is also willing to sell the building as well or remain as the landlord. Please contact Ross Lombardo at 877 735-5224 to make an appointment to see the space. You MUST first make an appointment with broker, as the owner does not want anybody showing up unannounced.

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.