Auto Collision Suffolk County-31850

Not Disclosed, NY
Suffolk County

Asking Price: Annual Revenue:
$519,000 $912,873

Automotive & Boats: Auto Body Shop, Paint Shop

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RE: Auto Collision Suffolk County-31850 Broker: Melvin L. Vaz
Owner Financing is Available!
$199,000.00 Down & $320,000 over 5 years @ 6%

Quick Facts

Asking Price: $519,000
Annual Revenue: $912,873
Net Profit: Not Disclosed
Cash Flow: $207,171
Total Debt: Not Disclosed
FF&E: $140,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 4
BBN Listing #: 60874447
Broker Reference #: 31850

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Business Overview:

Auto Collision - Same Owner for 43 years. Very low down payment. This owner is finally ready to retire. He is offer a spacious 3,000 square feet 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 year option to be added for a qualified buyer) at a monthly rent of only $5,000/month (including 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 $209,000 in liquid funds to cover the downpayment and $10,000 in rent security. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT SPEAK WITH ANYONE WHEN VISITING THE LOCATION. ALL MEETINGS MUST BE MADE BY APPOINTMENT ONLY!

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Reason for Selling:

Retirement after 43 years.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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