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Buy or Sell an Auto Repair Business in New York
Auto repair, automotive maintenance, and auto body shops are always in demand. Even as automotive technology advances, cars will always need repair, service, and maintenance.
If you are looking to buy or sell an auto repair or service shop business in New York, it is important to have some context on pricing, valuation, and financial performance of these businesses. Below we have aggregated listing data from New York, surfaced key financial metrics, and derived valuation multiples.
For in-depth valuation data, see:
Auto Repair & Service Business Valuation Benchmarks.
Market Overview
|
Number of Businesses Analyzed |
79 |
|
Median Asking Price |
$569,250 |
|
Median Reported Revenue |
$1,194,000 |
|
Median Reported Earnings |
$224,500 |
|
Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings. |
|
New York Auto Repair and Service Business Valuation Multiples
|
Range |
Revenue |
Earnings (SDE) |
|
Lower Quartile |
0.44 |
1.99 |
|
Median |
0.68 |
2.40 |
|
Upper Quartile |
0.82 |
2.97 |
|
Revenue and earnings multiples based on reported revenue, seller's discretionary earnings, and asking price. |
||
FAQs
How much does it cost to buy an auto repair and service shop in New York?
Prices vary depending on shop size and financial performance, but the median asking price for an automotive repair and service business in New York is approximately $569,250.
How much do auto repair shop owners earn?
On average, auto repair business owners in New York report median annual sales of $1,194,000 and annual owner earnings of $224,500. These figures are based on businesses that have listed their annual revenue and seller's discretionary earnings.
How do I value an auto repair and service business?
Valuing an auto repair business involves considering several factors, including annual revenue, profit, shop size, and services provided. Brokers, business owners, and business buyers will typically rely on valuation multiples to gauge business value relative to similar businesses in the market. Auto repair and service business revenue multiples in New York typically range from 0.44 to 0.82, with the median at 0.68. Earnings multiples range from 1.99 to 2.97, with the median at 2.40. These values suggest a typical auto repair business in New York will sell for around 0.68 times its annual revenue, and 2.40 times its annual owner’s earnings.
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