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Business for Sale Summary

Auto & Truck Collision Assets in New York - 36075

Business Type: auto repair,auto/truck mechanical repair,misc. service/non-classifiable,other personal services,owner financing available,auto body/collision repair
Owner Financing
Auto & Truck Collision Assets in New York
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Financial Information (non-confidential)

General Information
Asking Price $500,000 Down Payment $350,000
Gross Revenues $250,000 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$350,000 Down and $150,000 for 5 years @ 8%

Business Description

Large collision and repair shop spanning 4000 square feet, featuring 15-foot high doors and generous ceiling height. The facility is equipped with a large spray booth, a mixing room, and an extensive inventory of equipment, too numerous to list comprehensively. It's important to note that this shop can accommodate buses and tractor trailers within its premises. The property includes a fully compliant and legally zoned shop, complete with a substantial fenced-in storage lot. Additionally, there are two sizable steel sheds, a side storage area, ample additional parking, and excellent frontage for visibility. The seller has the capability to accommodate approximately 50 cars in and around the shop. The current lease for the shop is $7500 per month with 8 years remaining, and the landlord may be open to extending the lease. The location is strategically situated near major routes and expressways, boasting a long-standing establishment of 35 years. Some existing staff members are willing to continue working. The seller has acquired another building for auto body work in a new location, making this a turnkey opportunity for the buyer. This property and lease package is suitable for various businesses, such as car dealerships, bus companies, limousine services, transportation companies, as well as light and heavy truck and bus repair, service, or sales. Interested parties should contact broker. Prospective buyers are required to have $350,000 in liquid assets. This is an ideal facility for fleet services, and we highly recommend a visit to fully appreciate its potential. To learn more, please contact the broker Jim Aloi at 631-375-4100

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.