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This Business has been Sold!
Closing Date: 08/02/2023
Business for Sale Summary

High End Auto Detailing For Sale in Suffolk County - 32872

Business Type: auto body/collision repair,auto repair,auto/truck mechanical repair,automotive dealers/ auto retail,cleaning services,misc. service/non-classifiable,other business services,other personal services,passenger transportation / limo/ bus companies,professional services,repair services,seller financing available,car wash
Sold
High End Auto Detailing For Sale in Suffolk County
On August 2nd 2023, The Undersigned
Acted as the Advisor to the Deal
Melvin L. Vaz
Melvin L. Vaz Senior Broker
Servicing: All of NY
All of NJ
All of CT
All of MA
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.

Financial Information (non-confidential)

General Information
Asking Price $340,000 Down Payment $340,000
Gross Revenues $510,193 Lease Remaining Register Free to View
Owner’s Cash Flow $120,820 Number of FT Employees Register Free to View

Financing

$340,000 Down and None.

Business Description

Fantastic High End Auto Detailing Shop. Price Reduced. It is fully staffed, so the owner works out of the office in a management capacity, less than 30 hours per week. Why buy an expensive car wash with a tunnel that can break down? Instead, you can own this great auto detailing center. The location and zoning is the key. You cannot just open up a detailing business anywhere. The zoning is a high barrier to entry. It is in a fantastic location, surrounded by dealerships. In fact, 90% of their business comes from dealerships who pay by check. Even with chip shortages, business has been steady as local dealerships have focused on the pre-owned market. Those vehicles purchased at auction or off lease still need to be cleaned and most dealers to do not have that capacity in house. The retail side of the business has shown strong growth as well. In 2021 the business grossed approx. $510,192.90 with a cash flow of approx. $120,820.00. Sales were up from 2020. There is a manager who is willing to take on more responsibility. He could manage more of the day-to-day operations to allow for more absentee ownership. These are W-2 employees. If you have looked to buy a car wash you know that the numbers are difficult to verify. That is NOT the case here! The business is located in a 4,000 sq. ft. facility and is fully equipped. The rent is only $3,700/mth (incl. taxes). There are 2 years remaining on the current lease, but that can be easily extended for a qualified buyer. There is room to expand services by adding ceramic coatings, bumper repair, chip, dent & scratch removal, tinting (and tint removal) and paint touch-up. It is a great business to merge with other another auto related businesses or tunnel car wash. You can store up to 20 cars inside at night. We are seeking a serious and financially qualified buyer with at least $340K in liquid funds to cover the down payment. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only after showing proof of funds for at least $300K..

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.