Financing

$500,000 Down and 350,000 for 5 years @8 PERCENT

Business Description

High-Volume Nassau County Auto Repair Shop – Prime Location

Rare opportunity to acquire an extremely busy, highly profitable auto repair business in an affluent Nassau County location.

This long-established auto repair shop enjoys excellent frontage and tremendous exposure on a heavily traveled main road in a desirable, high-end area. The location has operated as an auto repair facility for approximately 40 years, with the current owner successfully operating the business for approximately 15 years.

The business is also an established New York State Motor Vehicle Inspection Station, providing an additional source of steady customer traffic and repeat business.

Despite having only two service bays, this shop generates an impressive approximately $1.3 million in annual gross sales with an estimated owner benefit/net of $250,000 per year.

The operation is extremely lean, consisting primarily of the owner, who is a working mechanic, and one additional full-time mechanic, resulting in very low payroll and overhead.

The property offers a major advantage for a two-bay operation, with outside parking for approximately 15–20 vehicles, including highly visible front parking that could potentially provide an additional opportunity for an operator interested in vehicle sales, subject to applicable licensing and local approvals.

Monthly rent is only approximately $5,500, an attractive number considering the location, visibility, parking and volume of business.

The shop currently operates only 5½ days per week with relatively short business hours, creating significant upside for a new owner. Extending operating hours, adding technicians, maximizing the existing parking and expanding services could potentially increase both gross sales and profitability substantially.

Highlights

• Approximately $1.3 million annual gross sales
• Approximately $250,000 annual owner benefit/net
• New York State Motor Vehicle Inspection Station
• Prime high-end Nassau County location
• Excellent frontage on a very busy main road
• Auto repair location established approximately 40 years
• Current owner approximately 15 years
• Two service bays
• Parking for approximately 15–20 vehicles
• Very low payroll and lean operation
• Only $5,500 per month rent
• Currently operated by owner/mechanic plus one full-time mechanic
• Only open 5½ days per week with short hours
• Strong pricing due to affluent customer base and location
• Significant growth potential for a more aggressive operator

This is an excellent opportunity for an experienced mechanic, existing repair-shop operator, or automotive group looking to acquire a high-volume, established Nassau County business with strong cash flow and considerable room for growth.

For additional information, contact Broker Jim Aloi, at 631-375-4100

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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.