Auto Repair Shop
Location New York,United States
Asking Price Range $500K - $1.0M
Gross Revenues $336000
Net Profit / Cash Flow $136868
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1988
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Seller Will train
Reason for Sale Personal
Description Suffolk east end auto repair shop and NYS Inspection with ground lease.Building cost seller 6 years ago $325,000 plus $75k equipment. This is all included!! center also doing photos for insurance companies. Ground lease has 14 years left with 3 % increases and that can be increased for longer period of time. Seller has very profitable low over head shop. Due to recent deaths in sellers family he lost his motivation. He over pays salaries. Buyer can advertise,promote and do more hands on repairs and greatly increase cash flow. This business been at this location for 24 yeas however building and ground lease is only in the past six years.This shop is located on the side of a large branded gas station with busy c-store. Great location for branded or franchise repair shop,towing company or oil change center. contact broker Jim Aloi GREAT LOCATION......TAXES UNDER $6500 PER YEAR .THIS STATION DOES MOSTLY INSPECTIONS AND IS PROFITABLE. Seller will sell building and ground lease for a low down payment of 35 percent and will hold notes great rare deal.
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