Automotive Services Franchise in Riverhead
Uncover the potential of this thriving automotive service franchise located in Riverhead, NY 11901-7010. Priced at $329,000.00, this turnkey franchise operation offers:
Franchise Highlights:
- **Investment Value**: $329,000.00 includes $50k in current inventory, $175k in equipment & signage, featuring a full opening equipment package.
- **Prime Location**: Strategically situated at 1165 E Main St, Riverhead, NY, maximizing visibility and accessibility.
- **Lease**: Secure a spacious 7,000 square foot building with a monthly lease of $8,500.00. The landlord is willing to sell the property, providing potential for long-term stability and investment.
- **Established Presence**: Operating for 5 successful years with a team of 6 employees, including a current manager willing to stay on and manage both stores.
- **Revenue Potential**: Accommodate up to 12 cars at a time, boasting impressive sales revenue of $1,399,858 in 2022 and $1,296,538 in 2023, with a high gross profit percentage of 89.42%.
- **Seller Financing Available**: Flexible financing options available depending on down payment, facilitating ease of acquisition.
- **Additional Investment Opportunity**: Seller is also offering another franchise location (Medford, NY) for sale, presenting potential for expansion and increased revenue streams.
Seize this exclusive franchise opportunity to own a profitable automotive service business with a strong foundation and significant growth potential! Contact us today to capitalize on this turnkey business venture and embark on a journey of success.
Financials (USD)
Asking Price $329,000
Cash Flow Not Disclosed
Sales $1,296,538
Deal Terms
Represented by broker? Yes
Buyer Fee? Available On Request
Seller Financing? Available On Request
Willing to co-broke? Available On Request
Principals only? Available On Request
Franchise? Available On Request
Management will stay? Available On Request
Relocatable? Available On Request
Real Estate? Available On Request
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