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Business for Sale Summary

Auto Repair Shop for Sale in New York - 35948

Business Type: agents/brokers,auto repair,automotive dealers/ auto retail,passenger transportation / limo/ bus companies,owner financing available,auto/truck mechanical repair
Owner Financing
Auto Repair Shop for Sale in New York
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This business has received 93 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $250,000 Down Payment $150,000
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

$150,000 Down and balance of $100,000 for 5 years @ 7%

Business Description

This well organized auto business has been established for 15 years. The seller is the landlord and this business has an area to sell 40 cars. It also has an NYS inspection and repair shop license. The seller rents car lots on a month to month basis and uses the rent from the car lot plus adds the difference to pay himself rent. Seller if offering a new 10 year lease, with a five year option. Seller runs the repair shop alone and works very short hours, making this an incredibly profitable opportunity. If the new owner adds 1-2 or more mechanics, the business could probably triple what it makes now. Sale includes name, inventory, equipment and current sellers support. Note that this lot is on a corner location, so has great exposure. Buyer can sell and repair cars, as well as offer parking. Rent is $8k a month but landlord will pay real estate taxes which are about $2k per month. This is a very clean and easy to run operation. The business has a very loyal client base and is a solid investment. Great shop for limo, truck, or ambulance business as well. This would also make a great auto accessory business. Triple A seller and the landlord is very easygoing. Please don’t delay, this won’t last long! Call the broker Jim Aloi at 631-375-4100 to learn more today.

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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.