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Business for Sale Summary

Auto Repair Shop for Sale in New York - 36210

Business Type: auto repair,auto/truck mechanical repair
Owner Financing
Auto Repair Shop for Sale in New York
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This business has received 169 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $325,000 Down Payment $225,000
Gross Revenues $400,000 Lease Remaining Register Free to View
Owner’s Cash Flow $150,000 Number of FT Employees Register Free to View

Financing

$225,000 Down and $100k for 5 years & 8%

Business Description

Established 25 years ago, this auto repair shop has recently undergone a complete remodel. The premises boast a spacious waiting room, a large private office, and ample outside parking, including a fenced-in back storage yard. Equipped with an outside lift and six additional lifts indoors, this thriving business is currently operated by a single individual but has vast potential for expansion by adding more mechanics. Full time mechanic now just joined the team and the seller will also work for smooth transition for salary! The seller is willing to remain on staff for one year at a negotiated salary. Additionally, a fully loaded 2020 2-car carrier flatbed with only 27,000 miles is available for purchase separately. It's important to note that the seller's verified income exceeds $100,000, with a total net of $150,000. Rent for the property is exceptionally low at $3,000 per month, well below market rates, thanks to a favorable lease agreement with a great landlord. The shop comes equipped with five lifts owned by the seller, along with various other equipment and an NYS Inspection machine. Please be aware that the sixth and seventh lifts are owned by the landlord. This versatile shop is suitable for a range of businesses, including car dealerships, towing companies, taxi firms, limousine services, and those specializing in window tinting and alarms. To fully appreciate its potential, interested parties are encouraged to schedule a viewing with Broker Jim Aloi at 631-375-4100. With additional features like an extra waiting room and a parts loft, this shop is a mechanic's dream and a highly profitable venture.

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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.