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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Auto Parts & Repair Co.
(Automotive , Auto Body and Repair)
Hudson County , NJ
Listed Price: $ 225,000
Listing ID: AUTO253

Listing DetailsGross Revenue: $ 1,000,000
Cash Flow: $ 150,000
FFE: $ 175,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

The owner is relocating out of the area.


Training & Support:

The seller will remain post closing and supply a full transitional period.


OperationsYear Established: 1997
Days & Hours of Operation: Mon.-Sat. 8am-6pm
Non-owner Payroll: $ 10,500
Employees: 8
Absentee Owner: No
LocationLease Expire: 0000-00-00
Facilities:

The business is located in a densely populated urban area of Hudson County, New Jersey with a substantial demand for this particular service. The facility is on a commercial avenue which consists of 4,000 square feet with rear parking. The entrance is a showroom for tires, rims and wheels and the rear is a large garage for repair. The garage is fully equipped with 3 lifts and alignment equipment and all equipment in the business is in excellent working condition.


SummaryBusiness Description:

Highly successful business opportunity for this lucrative retail auto parts and repair center located in an active urban commercial area of Northern New Jersey and in the county of Hudson. This business offers quality products from Continental, General and Toyo and provides wonderful service to its many customers. Their service department specializes in performance parts, tire installation and diagnostics. Since 1997, this auto retail shop has been providing top quality auto parts to the public. The business sells tires, rims, and specialized performance accessories to the public. The company is a well-known parts provider in the auto industry. The business also offers a full-service menu of auto repairs with a substantial markup for the current owner. Tire & Rim Parts sales account for 35% of the business, general auto repairs account for 65% retail sales represents the remaining income. This business produces yearly sales of $1,000,000 and a consistent net income to the owner. The present owner is relocating and will provide financing to a qualified purchaser with an appropriate down payment. The business assets has an estimated value of approximately $175,000 based on replacement cost and the sale includes auto lifts and equipment including a POS system, displays, counters and various auto repair equipment that is required for this industry. This business has eight employees who are unaware of the pending sale and expected to remain post-closing, monthly payroll is approximately $10,500. The business is operational six days weekly; closed Sunday and the hours are from 8:00 am to 6:00 pm. The business has a municipal certificate of occupancy to conduct auto sales and repairs at this business location. The price has been set at $225,000 based a multiple of the net yearly income and the value of the assets, also owner financing is available to a qualified buyer with the appropriate down payment. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a solid investment return to the owner operator prior to debt service. Because the sale this business is confidential all viewings are by appointment only and photo may not represent this particular business.


Competition:

The seller will supply a five year, five miles non-compete agreement and no other auto store and repair business is nearby this business facility.


Potential Growth:

With an improved marketing plan and internet sales, the business can experience an increase of the gross sales.


Financing/Terms:

Is available to a qualified buyer with an appropriate down payment.