Established 25 years ago, this auto repair shop has recently undergone a complete remodel. The premises boast a spacious waiting room, a large private office, and ample outside parking, including a fenced-in back storage yard. Equipped with an outside lift and six additional lifts indoors, this thriving business is currently operated by a single individual but has vast potential for expansion by adding more mechanics. The seller is willing to remain on staff for one year at a negotiated salary. Additionally, a fully loaded 2020 2-car carrier flatbed with only 27,000 miles is available for purchase separately. It's important to note that the seller's verified income exceeds $100,000, with a total net of $150,000. Rent for the property is exceptionally low at $3,000 per month, well below market rates, thanks to a favorable lease agreement with a great landlord. The shop comes equipped with five lifts owned by the seller, along with various other equipment and an NYS Inspection machine. Please be aware that the sixth and seventh lifts are owned by the landlord. This versatile shop is suitable for a range of businesses, including car dealerships, towing companies, taxi firms, limousine services, and those specializing in window tinting and alarms. To fully appreciate its potential, interested parties are encouraged to schedule a viewing.With additional features like an extra waiting room and a parts loft, this shop is a mechanic's dream and a highly profitable venture.
- Asking Price:
- $325,000
- Sales Revenue:
- $400,000
- Cash Flow:
- $150,000
Business Operation
- Reasons for selling:
-
Retirement
- Employees:
- 1 FT
- Years established:
- 25
Other Information
- Support & training:
-
Seller will train
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
225,000.00 Down & $100k for 5 years & 8%
- Furniture / Fixtures value:
- $150,000
- Inventory / Stock value:
- $7,000