Auto Repair/Tire Center – $2,183,000 Sales – Westchester/Bronx County

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One of 100+ Auto Service Businesses Offered by Art Blumenthal
Asking Price:
$549,000

Gross Revenue:
$2,183,000
Cash Flow:
$330,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$210,000
not included in asking price

FF&E:
$50,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Are you looking for an amazing opportunity to purchase an independent auto repair and major brand tire center with annual sales that have averaged $2,127,555 sales over the past six years? Average annual Cash Flow over this time period was $253,000, rising to $330,000 in 2018 and affording an owner/operator an outstanding salary after bank financing payments.

The Business is well established with 50 years of goodwill, excellent reputation for customer service, 4+ star Internet reviews and a loyal clientele.

The Business comes with the tire and automotive equipment required to run a high volume full service auto repair business, including alignment and total car care. Twelve full time and two part time experienced employees will support an entrepreneurial new owner who wishes to further grow the business. The Seller will provide training and support during the transition period. The Business has a long term lease with favorable terms and an extremely valuable New York State Inspection and Emission Testing license.

About the Business

Location:
Bronx County, New York
Year Established:
1969
Number of Employees:
13
Facilities:
Eleven service bays (ten lifts) with tire storage area, large customer waiting room and parking for over 30 cars. The 8,800 square foot building is equipped for a high volume of tire sales, wheel balancing and alignment, along with full service automotive repairs and preventive maintenance.
Website:
www.art-blumenthal.com
Market Outlook/
Competition:
Limited competition in the area and a great reputation has enabled the Business to capture a high tire and service market share in its geographic area.
Growth & Expansion:
Local owner/operator could grow the business by increasing store hours, soliciting fleet business, expanding advertising and greater use of social media.
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About the Sale

Reason For Selling:
Focus on other business interests.
Training/Support:
Seller will provide a minimum of two weeks training at 20 hours per week and additional telephone support to ensure a smooth transition. No prior automotive background is required.
Seller Financing:
Pre-qualified for 90% Bank/SBA financing.

Listing Info

ID:
1548280
Ad Detail Views:
351

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Business Listed by

Art Blumenthal

Art Blumenthal, LLC

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