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Asking Price$395,000
Revenue$805,924 Established1987
Cash Flow$152,700 Employees5 full-time
FF&E$84,914* FranchiseNo
Inventory$3,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Professional auto repair and tire sale company which has been a family owned and operated business for the past (32) thirty-two years. They specialize in auto repairs and maintenance for most cars and light trucks with a high volume of tire sales. They are ASE certified and a state emissions repair inspection facility and they are a member of Enterprise Fleet Management. They have been a locally owned and operated automotive repair center and tire dealer, specializing in quality auto repair on most automotive manufacturers. They are a state-certified facility with five 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. For Qualifications purposes, this business opportunity industry does not require government licensing approval to purchase or operate other than the standard municipal licenses. Regarding employees and payroll, this vehicle repair company routinely has five full / part time employees. The payroll is based on weekly salary, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $15,420. The business transaction will offer a new ten-year commercial lease which will expire 2029-01-01, plus additional options available, with a monthly rent of $5,500, cost per square foot is estimated at $16.80, and rent security of approximately $10,000. The sale will also offer the option to purchase the building at any time during the lease term. This business opportunity is in a free stranding commercial facility, on an active county road, consists of approximately 3,800 square feet and has an estimated capacity for fifteen customers and numerous vehicles. The business fixed assets has an estimated value of approximately $84,914 which is specifically based on equipment and licensing replacement cost. This transaction consists of a fully equipped commercial retail auto repair company, which includes, required licenses, web site, social media venues, auto lifts, various auto equipment, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private parking on site as part of the commercial lease. This successful Auto repair company operation is active five days per week, with hours from 7:00 am to 5:00 pm. The sale includes all required documentation including a certificate of occupancy from the local municipality and the required state or city licenses to conduct its daily business. The 2017 yearly gross income represented by the seller owner is $805,924 and the business has a yearly net income of approximately $152,700 based on an onsite owner operator and prior to any debt service. Also, due to a percentage of possible non-disclosed income, a formal due diligence is recommended to the purchaser. The business has been valued / priced at $395,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, all viewings are by appointment only and the photo does Not represent this particular business opportunity.
Facilities:This opportunity is in Northern New Jersey, Middlesex County, which consists of many highly populated communities with continued demand for this service. This successful retail facility which consist of approximately 3,800, square feet have a modern professional appearance.
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.
Growth Potential: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.
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.
Seller Financing:Seller financing is available to a qualified buyer.
Sale Reason:The sale is due to the owners retirement.
Ad #103087
Seller Reference #AUTO250
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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