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Asking Price$695,000
Revenue$400,000 Established1988
Cash Flow$140,000 Employees2 full, 2 part
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Suffolk east end auto repair shop and NYS Inspection with ground lease. Building cost seller $325,000 6 years ago 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 a longer period of time. Seller has very profitable low overhead shop. Due to recent deaths in sellers family he lost his motivation. He overpays salaries. Buyer can advertise, promote and do more hands on repairs and greatly increase cash flow. This business has 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. 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, 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.
Training/Support:Seller will train
Seller Financing:175,000.00 Down & 15 Yrs. 500,000 Finance
Sale Reason:Personal
Ad #34182
Seller Reference #22349
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Marie Goldstein
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