Automotive & Industrial Engine Rebuilding Business

Cortland, NY
Cortland County

Cortland County

Asking Price: Annual Revenue:
$350,000 $199,290

Automotive & Boats: Auto & Truck Repair & Service

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RE: Automotive & Industrial Engine Rebuilding Business Broker: Blair Sibley

Quick Facts

Asking Price: $350,000
Annual Revenue: $199,290
Net Profit: Not Disclosed
Cash Flow: $64,579
Total Debt: Not Disclosed
FF&E: $320,000
Real Estate: Not Disclosed
Year Established: 1979
Employees: 1
BBN Listing #: 878340071
Broker Reference #: 3606

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Business Overview:

~Automotive & industrial engine rebuilding business with option to purchase real estate
~Long-established strong customer base
~Machinist with 30+ years of experience would like to remain with the business.
~Shop is completely equipped with all necessary tools, both large and small.
~The business consists of approximately 60% industrial and agricultural diesel rebuilding and 40% automotive, with a strong emphasis on antique and special interest jobs.

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Property Features and Assets:

3,100 sq. ft. cement block building with a steel roof, attic storage, 3-phase electricity and forced air heating, and with beams and trolleys throughout. Located on a 60’ x 160’ lot. Parking available for ten vehicles. First year lease is $1,000/month and second year lease is $1,500/month, with rent to be applied to the purchase of land/building.

Market Competition and Expansion:

Competition: The nearest major competitors are thirty miles away. Growth & Expansion: There is untapped potential in local industrial, commercial and agricultural engine rebuilding, as well as shaft salvaging using submerged arc welding and OD grinding.

Reason for Selling:

The seller is ready to retire.

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.

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