Description CLASSIC CAR RESTORATION, repair, maintenance and internet sales business.
The company has a team of eight very talented and highly passionate employees that utilize State-of-the-Art equipment to restore, modify, and service all brands of Classic & American Muscle Cars. This company is unique in several ways! The first being that it boasts outsized profit margins and the New Owner/Manager does NOT need to be Mechanically Inclined to successfully to reap this benefit. The current owner has no mechanical ability and does not ƒ?turn any wrenchessƒ?. This business has been built by simply following good business practices. Another great attribute is they currently have a warehouse where 18+ Months of work is kept, waiting to be worked on and billed for (deposits are taken on ALL cars). This backlog of work certainly limits a new ownerrƒ?s risk. Cars being worked on are billed monthly so that cash flow is constantly recurring. Customerrƒ?s waiting for their cars to be completed are happy because this business works with them and their monthly budget. This businesses reputation is known for high quality work that is fulfilled by a dedicated staff. Restorations take between 6 - 12 months. Income is also generated from Cars that are sold online on a consignment basis only and are stored in a beautiful showroom to enhance this businesses appearance and credibility.
Down Payment: $ 450,000
Gross Revenue: $ 1,000,000
Cash Flow: $ 350,000
FFE: $ 100,000 (Included in Price)
Terms and Conditions: NEGOTIABLE
Reason for Sale: RETIREMENT
Listed Price: $ 850,000
Phone: 212-661-4160
