Price: $675,000
Location: Middlesex County, New Jersey
Industry: Automotive
Listing ID: auto274
Professional auto repair company which has been a family owned and operated and located on a major New Jersey State highway. They specialize in auto repairs and maintenance for most cars and light trucks with a volume of tire sales. They are ASE certified and a state emissions repair inspection facility. They have been a locally owned and operated automotive repair center specializing in quality auto repair on most automotive manufacturers. The facility has a Four Car Garage with multiple lifts, representing $500,000 worth of equipment. They are a state-certified facility with four modern fully equipped service bays, and they offer a full range of auto repairs including tire sales, state inspection and certified for air conditioning system. They offer convenient and cost-effective fleet vehicle maintenance that will provide fleet accounts and fleet managers with a fast, thorough, and affordable way to keep their vehicles in peak condition. Their services provide a variety of auto repair and tires services. They pride themselves with reliable customer service and highly trained, experienced service staff. This is a dependable safe business opportunity and based on the asking price, and projected yearly net income, this business expects to supply a consistent return on investment to the owner operator.
Listing Details
Revenue: $668,742
Cash Flow: $172,554
FFE: $445,000
Inventory: $5,000
Lender Pre-Qualified?: Yes
Reason For Sale:
The purpose of this business transaction is due to the owner investment into an alternative noncompetitive industry.
Training & Support:
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller may be available to supply additional training, at a fair cost to the purchaser.
Location
Security on Lease: Two Months
Lease Option: Yes, Available
Monthly Rent: 9,000
Type of Location: Commercial active highway
Square Footage: 3,000
Relocatable?: Yes
Facilities Information:
This opportunity is in central New Jersey, Middlesex County, which consists of many highly populated communities with continued demand for this service. This successful retail facility which consists of approximately 3,000, square feet have a modern professional appearance. The business is in a free-standing commercial setting on a New Jersey State highway with various other active and businesses.
Summary
Owner Qualifications:
For Qualifications purposes, this business opportunity industry does not require government licensing approval to purchase or operate other than the standard municipal licenses.
Competition:
Regarding competition, to the best of our knowledge, we believe no new competitors are expected near to this auto repair business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Potential Growth:
The business can be further expanded by the new operator by including towing and roadside assistance, increase weekend service, improve their marketing plan, and web site in order to further develop the business yearly gross sales.
Financing/Terms:
To be determined.