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Business for Sale Summary

Niche Vehicle Repair - High Margin - 34715

Business Type: auto repair,misc. service/non-classifiable,other business services,repair services,seller financing available,auto/truck mechanical repair
Owner Financing
Niche Vehicle Repair - High Margin
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Financial Information (non-confidential)

General Information
Asking Price $999,000 Down Payment $700,000
Gross Revenues $1,600,414 Lease Remaining Register Free to View
Owner’s Cash Flow $273,600 Number of FT Employees Register Free to View

Financing

$700,000 Down and $299K over negotiable terms for a well-qualified buyer with a PG.

Business Description

Niche Vehicle Repair - High Margin Work. Established 65 years ago. Don’t be intimidated. Anyone can operate this business since it is fully staffed with 5/ FT and 2 PT employees. Ideally, you would want to have some auto or truck repair background if you wish to be hands on in the shop. This would be considered light repair work. Any heavy duty work is sub contracted out. They also see a healthy mark-up on parts. They specialize in servicing municipalities, private fleets and retail customers with critical, essential maintenance. There are virtually no direct competitors in this niche on Long Island and only one or two in the Boroughs. After 40 years, the owner is ready to retire. The business has seen year over year growth during the past three years. 2021 gross sales were $1,600,414.00 with a provable owner’s cash flow of $273,600.00. The income and expenses are well documented and verifiable. The 5,200 sf shop is in a prime location in Nassau County. The owner of the business also owns the building and is willing to offer a long term lease. We are seeking a serious and financially qualified buyer with at least $800K in liquid funds to cover the down payment and approx. $100K in inventory. Proof of funds will be requested before any buyer – seller calls or meetings. To learn more, please call, text or email Mel Vaz today on 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

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.