Auto Repair Shop - Profitable w/Rental Property

Niagara Falls, NY
Niagara County

Located on a four lane road


Asking Price: Annual Revenue:
$400,000 $242,000

Automotive & Boats: Auto & Truck Repair & Service


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RE: Auto Repair Shop - Profitable w/Rental Property Broker: Carl Knickerbocker

Quick Facts

Asking Price: $400,000
Annual Revenue: $242,000
Net Profit: $35,000
Cash Flow: $51,000
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: $250,000
Year Established: 1974
Employees: 2
BBN Listing #: 846158061
Broker Reference #: NF001

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Business Overview:

This profitable 45-year-old automotive repair shop in Niagara Falls, NY is ready for sale. The owner is already retired from working in the business other than making weekly visits to the shop. The business has two long term employees (28 and 38 years) who manage the business and repair the cars. The shop has the New York Vehicle Inspection Program (NYVIP2) computer software for state inspections. Equipment includes four lifts, wheel alignment machine, tire balance machine, torches, welders, tools – most everything required to make repairs for late model cars. The books are professionally maintained by a local accountant and the financial numbers are solid. This is an excellent opportunity for a qualified mechanic to take the next step and own an established profitable repair shop.

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Property Features and Assets:

There are two buildings included in the sales price. Building #1 is the garage repair facility. It has four bays and four lifts and is well maintained. Building #2 is adjacent to the garage. It has three 2 bedroom apartments and one store front for rent. Rent revenue is $1,400 after expenses and taxes.

Market Competition and Expansion:

The owner has not worked in the business for several years. His mechanics run the shop and make a profit. This is a great opportunity for a qualified mechanic to buy a profitable business and be an owner/operator to watch it grow. There is a flat bed tow truck available but not listed in the sales price There are 9 used cars available but not listed in the sales price

Reason for Selling:

Retirement

Additional Details:

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

Documents:

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