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Business for Sale Summary

Auto & Truck Repair Business for Sale in NY - 36238

Business Type: auto repair,automotive dealers/ auto retail,owner financing available,auto/truck mechanical repair
Owner Financing
Auto & Truck Repair Business for Sale in NY
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Financial Information (non-confidential)

General Information
Asking Price $350,000 Down Payment $250,000
Gross Revenues $600,000 Lease Remaining Register Free to View
Owner’s Cash Flow $175,000 Number of FT Employees Register Free to View

Financing

$250,000 Down and 100,000 for 5 years @ 8%

Business Description

Auto & some light truck repairs shop has been established and owned for 12 years. The facility includes 3 bays, an office, a stock area, and a parking lot for 50 cars. The rent is very reasonable, and the seller currently works alone. A buyer could easily add one or two more mechanics to increase both gross and net revenue. The seller currently grosses over $600,000 and nets close to 30% profit. In addition, the seller collects an extra $1,300 monthly from parking rent, effectively reducing the overall rent cost. Buyers could also consider adding New York State inspections to further increase revenue. For inquiries, contact Broker Jim Aloi at 631-375-4100. The seller is willing to continue working for a salary, and this shop can easily help the new owner net over $200,000.

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