Well Established Auto Collision in Suffolk County, NY - 31850

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Well Established Auto Collision in Suffolk County, NY - 31850
Asking Price:
$519,000

Gross Revenue:
$912,873
Cash Flow:
$207,171
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$140,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Auto Collision - Same Owner for 43 yrs. Very low down payment. This owner is finally ready to retire. He is offer a spacious 3,000 sq. ft. shop that is fully equipped. They have 2 frame machines, a fully up-to-code, vented, 50x60 spray booth, and much more. There is space for over 8 cars inside the facility plus an additional 11-12 cars in the gated yard. In fact there are unused offices upstairs as well. Business has been very steady over the past 5 years with gross sales of over $912,873.00 and a cash flow of approx. $207,171.00. THAT DOES NOT INCLUDE substantial additional sales from a town towing contract and work with state offices. These can be discussed in person. The space has a great lease with an out-of-state landlord. There are 8 years remaining with 3% annual increases (plus at least a 5 yr. option to be added for a qualified buyer) at a monthly rent of only $5,000/mth. (incl. taxes). That is under market for the area. 80-85% of the business is insurance work. The owner does virtually no advertising and has no debt. There is great upside for an experienced operator. We are seeking a serious and financially qualified buyer with at least $209K in liquid funds to cover the downpayment and $10K in rent security. To learn more, please call or email Mel Vaz today. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT SPEAK WITH ANYONE WHEN VISITING THE LOCATION. ALL MEETINGS MUST BE MADE BY APPOINTMENT ONLY!

About the Business

Location:
Suffolk County, New York
Number of Employees:
4
Website:
www.vestedbb.com/lid-31850
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Seller will train
Seller Financing:
199,000.00 Down & $320K over 5yrs. @ 6%

Listing Info

ID:
1650238
Ad Detail Views:
0

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Business Listed by

Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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