Business Summary:
LISTING ID # 36085Well-established auto collision and repair shop situated in Suffolk County, New York, with a 25-year history. This profitable business yields a net income of $85,000, and an additional $21,000 is collected in rent for a single repair bay, which comes without a lease commitment. The facility boasts a spacious and fully compliant three-bay legal body shop, complete with two bathrooms, two office areas, a comfortable waiting room, and ample storage space. There's convenient front parking available for up to 10 cars. Recent upgrades include a new stucco front, eye-catching signage, and a completely replaced roof, all contributing to cost efficiency. The shop's low rent is another compelling feature. Buyers have the flexibility to utilize the entire space for bodywork or consider sub-division options, making this a versatile investment opportunity. The location is prime, situated on a prominent corner, and offers significant potential to expand services, such as towing and accident management. The seller is willing to provide transitional support to the buyer, offering a seamless takeover. With plenty of room for growth, this business is competitively priced at $250,000. Additionally, the seller is open to holding a $75,000 note to facilitate the purchase. Interested parties are encouraged to contact Broker Jim Aloi at 631-375-4100 for an appointment. Buyers may also explore the option of securing a five-year lease with a five-year extension, further enhancing the investment's appeal. Don't miss this opportunity to acquire a well-established and adaptable auto collision and repair business in a thriving location.In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at [email protected] or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-36085 for instant access to this business information.
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