See Similar Listings

Car Dealership Auto Mechanic shop for sale!

New Britain, CT

Seller Financing Available

Asking Price:$1,995,000
Gross Revenue:$500,000
FF&E:$125,000
Cash Flow:$3,200,000
Inventory:$600,000
Listing ID: 2284057Listing provided by BizBuySell
BUSINESS DESCRIPTION

Dealrship license included with sale!

Unbeatable Opportunity: Invest in a flourishing commercial auto shop that comes with a car dealership license! Comes with top-grade equipment, a stellar reputation, and an added bonus of two two-bedroom apartments! This property features 8 bays with lifts from leading brands like Hunter, Rotary, and Continental, complemented by efficient heating systems. With recent updates to the electrical work and roof, the building is in prime condition. The equipment alone is valued at nearly $600,000.00, and the current owner is open to seller financing. And that's not all! Benefit from $3 million in insurance coverage for peace of mind. With a reported peak revenue of $1 million and ample room for expansion, this business is a lucrative investment. The property's unique mixed-use neighborhood status with residential area allowances sets it apart from the rest. Don't let this opportunity slip away to own a profitable business with a loyal customer base, promising growth prospects, and two additional two-bedroom apartments. Seize the moment and secure this incredible deal! The current owner will provide 2 months of support post-sale for a seamless transition. Contact us now to grab this chance to own a successful auto shop with added rental income potential!

ATTACHED DOCUMENTS
ASJRP Flyer - 5 Wilson St., New Britain, CT 06051.pdf.pdf Download
DETAILED INFORMATION
Location
New Britain, CT
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
15,429
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
12" insulated brick construction 8 bays and 8 lifts (Hunter, Rotary, Continental Brands) Waste oil-fired heater in the large garage 1.2 million BTU propane-fired heating system ~$300/month in winter $25/month in summer (for water) Recent updates: New electrical system, roof, and lifts Pavement resurfaced (~5 years ago) Welders, racks, fans, and all necessary equipment and tools
Competition
Financials & Operational Costs: Insurance: $15,000/year for $3 million in coverage Electric bill: $700-900/month Phone bill: $200/month HVAC service plan: $100/month Net revenue at peak: $3.2-3.6 million/year (with a $1 million net) Current estimated net revenue: ~$500,000/year (to be verified)
Growth & Expansion
Key employees to retain: Painter: $26/hour Mechanic: $23/hour (MUST stay as part of the deal, as he is sponsoring his license; seller will pay necessary fees to transfer sponsorship) Recommended staffing: 3 mechanics, 3 body guys, 1 painter
Support & Training
Welders, racks, fans, and all necessary equipment and tools Equipment value: New: ~$600,000 Current estimated value: ~$125,000 Exclusions: Seller’s personal toolbox & snow blower Seller will remove all unnecessary items, junk, and vehicles with dumpsters
BUSINESS LOCATION
Report an Issue with this listing
Thomas Myles
Phone Number
Thomas Myles
Call Phone