Auto Repair and Tire Shop (Suffolk County)
Auto Repair and Tire Shop (Suffolk County)
Price: $1,400,000
Location: Suffolk County, NY
Industry: Automotive Repair and Maintenance
Listing ID: RaptID_5587
Busy, Profitable Branded Tire Dealer in great location.
This is an exceptional opportunity to acquire a busy, highly profitable tire & auto repair shop. We are the exclusive agents for this fully equipped (5-Lift) and legally licensed auto repair facility that has been operated by the same ownership for over 30 years.
This business is an independently affiliated tire dealer for a major brand and is a one stop shop for tires and all car repairs.
The company has built a large and loyal customer base. The in-house data base is comprised of over 1,100 active accounts that have been serviced (not including walk-ins). While not all are active customers, the list indicates a level of business and an excellent repeat business base.
The seller owns the property and will provide a new lease to the buyer at $5,500 per month (triple net), for 10 years with normal escalators.
Down Payment: $400,000
Total Sales: $1,900,000
Cash Flow: $500,000
FFE Included: Yes
FFE: $100,000
Reason For Sale:
Owner has reached retirement age.
Training & Support:
Seller will remain for sufficent period to transition business.
Year Established: 1996
Employees: 8
Type of Location: Owned Real Estate
Facilities Information:
The Real Estate included with the sale contains two one-story buildings, the tire & auto repair shop and an adjacent retail (3-store) building, on an ~ 3/4 acre plot with adequate parking for each. Both buildings are of block construction. The auto repair shop is an ~4,200 square foot single- story block building with a 14-foot ceiling height. The shop is fully equipped with 5 lifts: 3 two post lifts and 2 alignment racks with lifts. The facility has an attractive air-conditioned customer greeting, order & waiting area (with cable TV). Two storage containers (8 ft. X 20 ft.) are attached to the rear of the building for storage. The sale also includes a fully rented 3 store, block building of ~5,200 square, with a nearly full basement (~4,000 square foot basement). The retail space is leased to three tenants:
Competition:
While there are other auto repair shops in the immediate are, this business is unique as it is a branded, major tire affiliated dealer
Potential Growth:
The company has built a large and loyal customer base. The in-house data base is comprised of over 1,100 active accounts that have been serviced (not including walk-ins). While not all are active customers, the list indicates a level of business and an excellent repeat business base.
Financing/Terms:
Seller will consider providing financing of up to $1MM.
For more information on this listing, please complete our Non-Disclosure Agreement
