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Business For Sale

GREAT AUTO PARTS STORE WITH BUILDING FOR SALE

Attn: George Varghese
Bronx, NY, USA
Listing Number: "10114"
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Asking Price: $2,500,000 USD USA Dollars
Business for Sale Industry: Auto & Mech: Retail  
Reason for Selling: Must Retire
Year Established: 1970
# of Employees: 6 Full Time
Yearly Revenues: $500,000
Yearly Cash Flow: $169,880
Yearly Net Profit: $139,548
Yearly Gross Income: $344,000
Monthly Payroll: $13,000
 

Business for Sale Overview:

This is it! No, really! Great investment for any entrepreneur. This high traffic auto parts store offers this following to its new owner: prime corner location in busy area, established business for 30 years, people come back for the good service, owner manages only - simple lifestyle, owner wants to retire soon so is willing to accept a fair but economical offer. There is a lot of construction right in the area. The new college campus and the new Yankee Stadium construction is making all the business owners in the area very excited about the new business that will come from the development. Ground floor opportunity indeed. There is still so much room to grow. Property is included in the sale! 14,000 square feet of center-of-town real estate. Asking Business & Real Estate together @ $2,500,000. If buyer does not want real estate and wants to acquire business only, seller is willing to cut a generous lease with excellent options for business only. Asking $400,000 for business only with $100,000 down; this includes all inventory. If buyer wants to buy real estate only, asking price is $2,100,000. Due to the value in asking price, inventory, location, net income and market share, this will not last long!


Property Features and Assets:

Property is included in the sale. 14,00 square feet facility in center of town, near major highways with lots of foot traffic.


Market Competition and Expansion:

There is still room to grow. Owner is willing to advise a serious buyer-entrepreneur how to add to the revenue over a short realistic period of time by adding paint merchandise for auto body shops, advertising, and more. With the new construction in the immediate area, the value will increase.


Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • The owner is not willing to work for the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.

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