Description

Suffolk east end auto repair shop and NYS Inspection with ground lease. Building cost seller $325,000 6 years ago plus $75k equipment. This is all included!!!!! Center also doing photos for insurance companies. Ground lease has 14 years left with 3% increases and that can be increased for a longer period of time. Seller has very profitable low overhead shop. Due to recent deaths in sellers family he lost his motivation. He overpays salaries. Buyer can advertise, promote and do more hands on repairs and greatly increase cash flow. This business has been at this location for 24 yeas however building and ground lease is only in the past six years. This shop is located on the side of a large branded gas station with busy c-store. Great location for branded or franchise repair shop, towing company or oil change center. Contact broker Jim Aloi. GREAT LOCATION. TAXES UNDER $6500 PER YEAR. THIS STATION DOES MOSTLY INSPECTIONS AND IS PROFITABLE. Seller will sell building and ground lease for a low down payment of 35 percent and will hold notes. Please refer to the Confidentiality Agreement below for further information.
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Financial Summary

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