Fully Approved & Licensed Auto Body & Repair Shop on LI.
- Listing Id: 6297
- Broker Name: Angelo A. Ferrara
- Category: Auto Dealerships
- Asking Price: $1,600,000.00
- EBITDA: N/A
- Real Estate: $1,200,000.00
- Cash Flow: N/A
- Inventory: $15,000.00
- No. Of Full-Time Employees: 6
- No. Of Part-Time Employees: N/A
- Gross Income: N/A
- FF&E: $400,000.00
- Year Built: 1989
- Address: Click Here
- Zip Code: Click Here
- City: Suffolk County
- State: NY
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
This is an opportunity to acquire a completely equipped, legally licensed, operating and profitable auto body & repair shop with real estate at a bargain price! The owner has other interests, wishes to relocate and has requested us to price this opportunity accordingly. He will help the buyer transition the business, introducing him to existing customers & vendors. The opportunity has been aggressively priced for a quick sale and is even more attractive as the seller will provide long term financing with a reasonable down payment. The owner is not interested in a long due diligence and has requested that we conduct an asset sale only, even though he will realize a lower return - essentially the business goodwill is being acquired at no cost! The RE alone has an estimated value of $1.2MM and it is anticipated that an experienced operator can earn a $250K income from this opportunity. The seller is seeking an experienced buyer who will appreciate this opportunity.The property is legally approved and has NYS licenses to operate as an:: • Auto Dealership • Auto Repair Shop • Auto Body Shop • Towing CompanyAll equipment necessary to operate an auto body and auto repair facility is included in the sale.
Financial Summary
N/A
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