Non-Franchised Automotive Repair Shop: Lease to Own

Latham, NY (Albany County)

Non-Franchised  Automotive Repair Shop: Lease to Own

Asking Price:$249,900

Cash Flow:$125,000

Gross Revenue:$630,000

EBITDA:N/A

FF&E:$160,000

Inventory:$7,000*

Real Estate:$329,900*

Established:1990

*not included in asking price.

Non-Franchised Automotive Repair Shop: Lease to Own

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Business Description

This AAA-Approved shop is a non-franchised, turn-key operation that has been pre-approved by the Small Business Administration. The owner is offering a unique "lease to own" option on the property. If you are a mechanic, service writer or service manager this is an excellent opportunity to own your own company!

Capital Region car owners love this place. Once they bring their cars, they keep coming back. Almost 90% of the business is from long-term, repeat customers. Their certified technicians are experts at both import and domestic vehicle repairs and scheduled maintenance.

The company is currently managed by the owner, an ASE Certified Master Technician. The company also employs two other technicians - an ASE Certified Master Technician with 15 years of experience and another technician with 14 years of experience. The company also employs a service writer who helps to oversee day-to-day office administration.

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
$1,000 of the $3,000 monthly lease payment on the real property will be credited towards a purchase of the property. The company's 4,000 sq. ft. facility was completely remodeled in the last three years, with a well-appointed waiting area, service writing counter, office space, rest rooms and four service bays. One bay is outfitted with a camera boom, computer 4-wheel front end alignment machine and the other three bays all have lifts. In addition, all utilities including high-efficiency heating, A/C, lighting and electrical service as well as the roof were upgraded. The outside appearance of the building, as well as the parking lot and grounds, are all conducive to the operations of a well-maintained auto service facility. The parking area can accommodate up to 25 vehicles for auto sales, vehicles awaiting repairs and storage. The site is approved and licensed for used car sales by NYS.
Support & Training:
The owner will provide on-site support for 40 hours per week first 90 days to help with the transition of the business to new ownership, as part of the purchase price.
Reason for Selling:
The owner is moving out of the area for personal reasons.

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Robert Stevens

Business Listed By:
Robert Stevens

ThielGroup LLC.

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Sponsoring Broker:
Kathlene Thiel, MBA, CVA, CBI

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