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Auto Repair/Tire Center – $2,183,000 Sales – Westchester/ Bronx County

Price: $495,000

Location: New York City Area

Listing ID: 01201601

Auto Repair/Tire Center — $2,183,000 Sales — Westchester/Bronx County

Are you looking for an amazing opportunity to purchase an independent auto repair and major brand tire center with annual sales that have averaged $2,127,555 sales over the past six years? Average annual Cash Flow over this time period was $283,383, rising to $327,101 in 2018 and affording an owner/operator an outstanding salary after bank financing payments.

The Business is well established with 50 years of goodwill, excellent reputation for customer service, 4+ star internet reviews and a loyal clientele.

The Business comes with the tire and automotive equipment required to run a high volume full service auto repair business, including alignment and total car care. Thirteen experienced employees will support an entrepreneurial new owner who wishes to further grow the business. The Seller will provide training and support during the transition period. The Business has a long term lease with favorable terms and an extremely valuable New York State Inspection and Emission Testing license.

Listing Details

Total Sales: $2,183,000

Cash Flow: $327,000

Inventory: $245,000

Reason For Sale:

Focus on other business interests.

Training & Support:

Seller will provide a minimum of two weeks training at 20 hours per week and additional telephone support to ensure a smooth transition. No prior automotive background is required.

Operation

Year Established: 1969

Employees: 13

Location

Square Footage: 8,800

Facilities Information:

Eleven service bays (ten lifts) with tire storage area, large customer waiting room and parking for over 30 cars. The 8,800 square foot building is equipped for a high volume of tire sales, wheel balancing and alignment, along with full service automotive repairs and preventive maintenance.

Summary

Competition:

Limited competition in the area and a great reputation has enabled the Business to capture a high tire and service market share in its geographic area.

Potential Growth:

Local owner/operator could grow the business by increasing store hours, soliciting fleet business, expanding advertising, and greater use of social media.

Financing/Terms:

Pre-qualified for 90% Bank/SBA financing.