Auto Repair Shop with the Real Estate in New Milford

Undisclosed Address, Connecticut
Business Opportunity for Sale
Catylist Listing ID: 30128351
Property Subtypes: Auto Related
Building Size (RSF): 2,689 SF
Sale Price: $297,600
Name of Establishment: Withheld
Year Business Established: 2009
Gross Revenue: $300,000 (Annual)
Cash Flow: $96,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 9/19/2017

Overview / Comments

This auto repair business specializes in custom exhausts, restorations and everyday repairs and auto maintenance. Only shop in the area doing custom exhaust work.

It is in a 2 bay 2,689 s.f. industrial condominium just off Route 7 in New Milford, CT. The condominium is included in the price.

The unique feature of this business is the making and installing of custom exhausts on vintage, high performance and late model vehicles and all the old spec cards they have for the pipe bender. Doing this specialized work also creates leads for doing other restoration work for these customers vehicles. Two months training will be available to the Buyer.

The business was established in 2009.

Hours of operation are: 8:00 to 5:00 Monday through Friday, closed Saturday and Sunday.

The Owner currently works the business by himself. He does mostly exhaust work and restorations. The new Owner could do the same but might want to increase the amount of every day vehicle repair and maintenance that is available. The ProForma is going to suggest just that.

To do this work the new Owner will need a fulltime mechanic to assist doing repairs and a part time office administrator to answer the phone, file, make appointments etc. Total Labor would run +/- $1,326 per week.

The ProForma shows “Gross” sales for a New Owner is estimated to be +/- $300,000 per year or $12,500 per lift per month (2 lifts). The standard is as high as $20,000 per lift per year for repair bays. The “Net” at this volume is estimated to be +/- $96,000.

The industrial condominium included in this price is +/- 2,689 s.f. It is the first unit you see when you drive into the complex. It has a 12’ overhead door, 14’ ceiling and 2 floor mounted 10,000 lb. contact lifts in the shop area. There is a separate office, storage room, bathroom and a foyer in the front. The condo is a corner unit giving it good parking and visibility in the front and on the side. Taxes are +/- $3,795. Sewer assessment of $225 per month and common charges of $278 (will increase this year when a new roof is installed and some paving is done. (Estimated to increase by $150 per month).

See the equipment list for all the equipment and machines that are included in this sale.

Interested buyers MUST sign our Confidentiality Agreement and Questionnaire before any additional information is received. Forms are available at this Listing on our website from the link in front of the pictures, or will be e-Mailed to you upon request. Detailed financial information showing ability to purchase may be required before a meeting or conference call is scheduled.

Additional Details

Industry Segment: Auto Body and Repair
Reason for Selling: Retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $32,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $221,600
Mgmt/Training Support Description: Owner will train for 2 months

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,287 57,816 141,644
Median Age: 42.13 37.26 37.85
Households: 2,894 21,597 54,403

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