Profitable Auto Repair Shop with RE Optional

Nassau County, NY

Seller Financing Available
Profitable Auto Repair Shop with RE Optional
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Asking Price: $350,000

Cash Flow: $150,000

Gross Revenue: $770,000

EBITDA: N/A

FF&E: N/A

Inventory: $2,000

Real Estate: $535,000*

Established: 1998

*not included in asking price.

Profitable Auto Repair Shop with RE Optional

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Business Description

Profitable Long Established Business with Loyal Customer Base. Owner Wishes to R

We are the exclusive agents for this extremely clean, fully equipped two-bay auto repair shop with long-standing loyal, repeat customers. Ownership takes pride in the facility and his reputation as a business that treats its customers in an honest, fair manner. Customers rely on his recommended repairs and rarely question his service charges. The operator wishes to locate to a warmer climate, where he has other business interests.

The shop provides complete auto service for all foreign and & domestic vehicles including:Brakes, Shocks, Oil Changes, Air conditioning, NYS Inspections, Transmissions, Exhaust systems',Wheel alignments & Tune Ups.

The business is owned by the operator and the RE is owned by him and his partner (50/50). The business operator is willing to sell the RE with the business and the other partner has expressed a willingness to listen to offers for the property. The business operator suggests a price of $885,000 for business & RE($350K for business plus $535K for the RE) and would provide financing at 6% interest for a 15 year term. Any offer which includes the RE would have to be presented to the operator's partner for approval.

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Detailed Information

Location:
Nassau County, NY
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
2,400
Employees:
2
Facilities:
Recently renovated two-bay auto repair shop/building, with attractive office and waiting area. This is a fully equipped, two(2) Bay/lift, auto repair shop with RE. The property is approximately 5,500± square feet of land area (~50'X110'), containing a one-story on slab, single-tenant automotive repair building. The property is 100% owner occupied and operated as an auto repair shop. The building features an air-conditioned customer greeting, order & waiting area, a two (2) bay shop with 2 lifts and 2 overhead doors (16 ft. ceilings) & recently resurfaced attractive block building.
Financing:
Seller will consider providing financing to qualified buyer.
Support & Training:
Owner will remain on staff for reasonable period to transition business.
Reason for Selling:
Owner wishes to re-locate.
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Contact the Seller

(from currently available funds)
 
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Angelo A. Ferrara

Business Listed By:
Angelo Ferrara

Rapt Enterprises Inc.

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