Mechanic Shop + Gas station – Turnkey business for sale - Business for Sale
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Automotive Repair Shop with Subleased Gas Station in Nassau County, NY
NY, US
Added 22 days ago
Automotive & Boat
19 years in business
This business is a full-service automotive repair shop in Nassau County, NY, operating for 20 years with a subleased gas station providing additional rental income.
Key Information
Asking
$180K
Revenue
$325K
Earnings
$110K
Multiple
1.6x
Key Highlights
- Years in operation: 20
- Current owner has operated the business for 4 years
- One mechanic on staff for 10 years, willing to stay with new owner
- Mechanic shop is the primary business; gas station is subleased
- Gas station sublease provides $4,000/month passive income
- Total rent for property: $10,400/month; effective rent for mechanic shop after sublease income: $6,400/month
- Lease term: 7 years remaining with a 10-year renewal option
- Equipment and assets included valued at approximately $150,000
- Expense breakdown: Mechanic salary $58,000/year, rent $76,800/year, parts & supplies $60,000/year, insurance $4,800/year, utilities $12,000/year, total expenses approximately $220,000/year
Contact Info
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