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Highly profitable Auto Body, Towing and Car Rental business. Established in 1969, this business is well known throughout Brooklyn. There are 3 businesses in one. 1. Auto Body is the largest, generating approx., $1,900,000.00 in gross sales in the past year. It is 90% insurance work. 2. Towing generated approx. $300K in gross in the past 12 months. The sale includes 7 tow trucks and an NYPD towing contract. 3. Car Rentals generated approx. $300K in gross in the past 12 months. There are 24 vehicles in the fleet. The business occupies approx. 26,000 sq. ft. with a LEASE OF 20 YEARS WITH STANDARD 3% ANNUAL INCREASES. Rent is 20,750/mth. Total net cash flow from all 3 divisions were approx. $775,000.00 in the past 12 months. The sale price also includes approx. $400K in tow trucks, $400K in the rental fleet (all 2014 or newer) and $300K in body shop equipment. The seller can sub divide the businesses if preferred. The manager and full time staff are in place and will stay working. The seller is willing to provide 6 months training and support. We are seeking a serious and financially qualified buyer with at least $1,650,000 in liquid funds for a downpayment. Proof of funds will be requested.
Seller is divesting.
The seller will train the new owner.
1,650,000.00 Down & $1mil over terms TBD.
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