Well-established auto collision and repair shop situated in Suffolk County, New York, with a 25-year history. This profitable business yields a net income of $85,000, and an additional $21,000 is collected in rent for a single repair bay, which comes without a lease commitment.
The facility boasts a spacious and fully compliant three-bay legal body shop, complete with two bathrooms, two office areas, a comfortable waiting room, and ample storage space.
There's convenient front parking available for up to 10 cars. Recent upgrades include a new stucco front, eye-catching signage, and a completely replaced roof, all contributing to cost efficiency. The shop's low rent is another compelling feature.
Buyers have the flexibility to utilize the entire space for bodywork or consider sub-division options, making this a versatile investment opportunity. The location is prime, situated on a prominent corner, and offers significant potential to expand services, such as towing and accident management.
The seller is willing to provide transitional support to the buyer, offering a seamless takeover. With plenty of room for growth, this business is competitively priced at $250,000. Additionally, the seller is open to holding a $75,000 note to facilitate the purchase.
Buyers can also explore the option of securing a five-year lease with a five-year extension, further enhancing the investment's appeal. Don't miss this opportunity to acquire a well-established and adaptable auto collision and repair business in a thriving location.
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