Mechanic Shop + Gas Station - Turnkey Business For Sale - Business for Sale
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Mechanic Shop with Subleased Gas Station in Long Island, NY
Long Island, NY, US
Added 16 days ago
Automotive & Boat
Automotive repair shop with a subleased gas station providing additional rental income, located in Nassau County, Long Island, NY, and operating for 20 years.
Key Information
Asking
$200K
Revenue
$320K
Earnings
$110K
Multiple
1.8x
Key Highlights
- Business has been in operation for 20 years
- Current owner has operated the business for 4 years
- Annual gross sales are approximately $450,000 (listing text) and $320,000 (listing summary)
- Equipment and assets included are valued at approximately $150,000
- Total rent for the property is $10,400/month, with $4,000/month offset by subleasing the gas station, resulting in effective rent of $6,400/month for the mechanic shop
- 7 years remain on the lease with a 10-year renewal option
- Mechanic salary is $58,000/year; other annual expenses include $76,800 rent (net), $60,000 parts & supplies, $4,800 insurance, and $12,000 utilities
- One loyal mechanic on staff for 10 years, willing to stay with new owner
Contact Info
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