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Business for Sale Summary

Auto Repair Shop for Sale in New York - 36370

Business Type: auto repair,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 205 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $750,000 Down Payment $500,000
Gross Revenues $2,000,000 Lease Remaining Register Free to View
Owner’s Cash Flow $700,000 Number of FT Employees Register Free to View

Financing

$500,000 Down and 250,000 for 5 years @ 7%

Business Description

This highly profitable auto shop, specializing in transmission rebuilding and other services, is a rare find. Currently, the owner only oversees the business, with a fully trained and certified staff in place. The shop operates under a well-known brand with very low fees and features 4 service bays, 3 lifts, ample parking, a reception area with a counter, an office, and a parts/stock loft. Priced to sell below market value as the owner is looking to retire, this opportunity won’t last long. If a single buyer purchases the shop, $100k of the posted net should be allocated for a replacement salary, bringing the net income to $600k. Contact Broker Jim Aloi at 631-375-4100 for more information. The seller offers the buyer the first right of refusal to purchase the real estate. Operating five and a half days a week and located in a prime area, this shop is a mechanic's dream and a life changer!

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