New York State Auto Repair Shop with Property (17635)
AutomotiveFor Sale in NY
Financial & Assets Details
About the Business
ASE Certified technicians are offering automotive maintenance for local residents and businesses within Oneida County, New York and the surrounding area. The long-standing reputable company is a tire retailer and provider of comprehensive automotive repair, maintenance, tire service, parts supply, oil changes, filter and fluid replacements, towing services, and more. The auto repair shop is conveniently located and accessible to customers with approximately 2,200 square feet service area and 1,000 square feet of office space and customer waiting areas. Valued near $400,000, the property is included in the sale. While the customer base consists primarily of regional residents who own automobiles, approximately 20% of the company’s customer base comes from commercial service accounts. By providing towing services, the company maintains a high presence in the market and captures new clients regularly. Growth opportunities exist in expanding business hours, expanding marketing to cover a larger area and of course bringing in more technicians. In 2018, the company’s total revenue was $1,230,814, with Seller’s Discretionary Earnings of $168,742. The company continues to have strong revenue growth and profits year after year and shows no sign of slowing down. The ownership believes that its quality reputation, service, operational capabilities, and diversity in the marketplace has contributed to The Company’s continued success. There are many opportunities presented for new ownership to continue growth with minimal capital infusion.
Financing can be negotiable for the appropriate buyer.
Support & Training
Owner Transition period of 12 months.
Reason for Selling:
Approaching retirement and/or pursuing other interests.