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Business for Sale

Towing & Auto Repair Business for sale in NY
Suffolk County, NY

Listing #32146

   
Financial Information (non-confidential)
Asking Price $450,000.00 Gross Revenues $1,400,000.00
Down Payment $250,000.00 Owner’s Cash Flow $300,000.00

Financing: $250,000.00 Down and 200K for 5 years @7%

Reason for Selling:Retiring

Auto towing road service and repair shop with 2 locations. This business has 10 tow, service & hook trucks all late model equipment, two lots which store over 50 cars. Note this company holds multiple NEW YORK State licenses including towing, welding, and inspection for cars and motor cycles. Car dealers license and repair license. This branded company is established for 30 years and is a money maker. One main family member will stay working for at least a year for a fair salary. Very easy to grow company owners only presently work about 30 hours per week. Buyer must also pay off about $300k balance of new truck payments. Paid truck equity and equipment included in sale is over a half million not including the $300 k notes still owed. This business does 80 percent towing 15 percent repairs and a small number of car sales. Please note this company services a very hard to get motor club and has lots of repeat accounts. Seller is also on multiple accident tow lists.Great biz to merge with a auto collision or repair shop business. Call Broker Jim Aloi For More Information.

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.
Jim Aloi
Senior Business Broker
631-375-4100
jaloi@vestedbb.com
Servicing Area:
Nassau County, NY
Suffolk County, NY
Kings County, NY
Bronx County, NY
Jim Aloi

Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.

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