1. Home
  2. Businesses for Sale
  3. New York
  4. Auto Body/collision Repair
This Business has been Sold!
Closing Date: 10/22/2024
Broker: Jim Aloi
Business for Sale Summary

Auto Body & Collision Shop for Sale in New York - 33169

Business Type: auto repair,auto/truck mechanical repair,automotive dealers/ auto retail,auto body/collision repair
Sold
Auto Body & Collision Shop for Sale in New York
On October 22nd 2024, The Undersigned
Acted as the Advisor to the Deal
Jim Aloi
Jim Aloi Senior Broker
Servicing: Nassau County, NY
Suffolk County, NY
Kings County, NY
Bronx County, NY
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.

Financial Information (non-confidential)

General Information
Asking Price $800,000 Down Payment $800,000
Gross Revenues $1,700,000 Lease Remaining Register Free to View
Owner’s Cash Flow $450,000 Number of FT Employees Register Free to View

Financing

$800,000 Down and buyer can get loan

Business Description

Established over 45 years ago, this exceptional auto body collision shop operates across two convenient locations. Boasting a capacity for 10 cars, the shop features a spacious spray booth, a large paint room, three frame machines, multiple car lifts, two office areas, a welcoming waiting room, a parts room, and ample storage space including a fenced lot and shelter. With extensive off-street parking and numerous amenities, this facility can accommodate over 50 cars both inside and around the premises. The seller oversees shop management while not directly involved in bodywork. A favorable lease arrangement with first right of refusal is in place. The sale includes $50,000 worth of paint and over $250,000 in modernized equipment. There is potential to expand the shop by removing two walls, allowing for additional capacity to service four more cars. Located in a beautiful area of Suffolk, the shop enjoys excellent visibility. The seller, retiring, is willing to stay on for six months at a salary. Flexible financing options may be available, and qualified buyers are encouraged to explore SBA or business loan options. The seller maintains meticulous financial records, and the business is priced competitively, offering strong profitability and potential for further growth. Additional revenue streams such as towing can be incorporated by the buyer. For inquiries, please contact Vested Broker Jim Aloi at 631-375-4100.

In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.

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.

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.