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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Retail Tire Sales & Auto Repair
(Automotive , Auto Body and Repair)
Union County , NJ
Listed Price: $ 25,000
Listing ID: AUTO256

Listing DetailsGross Revenue: $ 663,703
Cash Flow: $ 85,000
FFE: $ 125,000 (Included in Price)
Inventory: $ 2,000 (Included in Price)
Reason for Sale:

The sale is due to the owner’s relocation.


Training & Support:

The owner will remain post-closing to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 2006
Days & Hours of Operation: Mon.-Sat. 8am-5pm
Non-owner Payroll: $ 14,500
Employees: 6
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 6000
Monthly Rent: $ 3,000
Square Footage: 2000
Facilities:

The facility consists of four auto bay garages, a private office and storage areas which consist of 2,000 square feet and has a professional appearance. The business is in a free-standing property with various other active and successful businesses. This opportunity is in Northern New Jersey, Union County, which consists of various highly populated communities with continued demand for this service.


SummaryBusiness Description:

Successful Tire sales & Auto repair company with a gross income of $663,703, plus discretionary income, and a net yearly income of $85,000. The company has an excellent location on a highly active state highway in Northern New Jersey. This twenty-year-old company has a substantial client base of dependable clients. The business income represents 50% tire sales and 50% general auto repairs. This company has six full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll is approximately $14,500. This business transaction will have a commercial lease which expires 2028-01-01 plus additional 10-year option, with a monthly rent of $3,000, and rent security of approximately $6,000. The business fixed assets has an estimated value of approximately $125,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped commercial retail auto repair shop. This successful auto tire business operation is active six days per week, with hours from 8:00 am to 5:00 pm. 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 30% investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity. This company is presently closed due to owners’ stroke and the price has been reduced to an asset sale of equipment and rental of location.


Competition:

Competitors presently exist in the industry and to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business presently has a limited marketing plan, poor web site and if improved can further develop the business yearly gross sales.


Financing/Terms:

N/A