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Asking Price$190,000
Revenue$2,000,000 Established1976
Cash Flow$207,467 Employees3 full-time
FF&E$150,000 FranchiseNo
Inventory$120,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Auto Repair and Auto Sales - A Steal of a Deal! There are actually two businesses in one sale. First, we have a mechanical auto repair business known throughout Suffolk County for diesel repair. In fact, they have been established for over 40 years with a great reputation. The shop is approx. 3,000 sq. ft. with 4 bays and 6 lifts (5 indoor and 1 outside). The mechanical repair side of the business alone grossed approx. $1mil in the past year. Secondly, we have the auto-sales part of the business. This is a licensed auto dealer averaging approx. 20 auto sales per month. Very few deals are financed and they do have a vehicle floor plan. Auto sales were approx. $1mil in the past year as well. The approx. net income for the business in the past year was $207,467.00. The current rent is $5,795/mth. (incl taxes) for the 3,000 sq, ft. shop and nearly 1 acre of property for auto sales and parking. The landlord will allow you to sublease part of that gated property for some extra income. Additionally, he is willing to offer a long term lease of 10 yrs. or more and/or sell the property. We are seeking a serious and financially qualified buyer with at least $125K in liquid funds to cover the downpayment. All candidates must have some previous business experience, preferably in mechanical auto repair, auto sales or management. if you meet the criteria, please call 1-877-735-5224. 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:The seller will train the new owner.
Seller Financing:$125,000.00 Down and $65K over 4 yrs. @ 6%.
Sale Reason:Othe business interests.
Ad #80936
Seller Reference #28093
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Melvin L. Vaz
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