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Truck Repairs Business For Sale Nets $225k

17/wk
Essex County, New Jersey, United States
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Asking Price$550,000
Revenue$2,000,000 Established1999
Cash Flow$225,000 Employees8 full-time
FF&E$185,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Auto Truck repair business in Essex County New Jersey servicing a large variety of commercial transportation companies throughout the metropolitan area. The company has a gross income of $2,000,000 and a yearly net income of $225,000. This company was built on the idea that they can get the highest grade mechanics with the necessary equipment out to your truck at a fair and reasonable price. They service every highway, town, city in the Northern New Jersey area. Whether you’re in a Freightliner, Mack, Peterbilt, Volvo, Western Star, Kenworth, Mercedes, Sterling, International, GMC, Ford, or any other kind of truck. You will receive the fastest service for engine repair, diesel fuel deliveries, priming, fabrication, welding, trouble shooting, and any other mobile service possible. If any part of your tractor trailer breaks down on the road, they can get you the best quality service immediately. Their 18 wheeler repair specialists can fix any problem from injectors, belts, hoses, transmission, clutch, brake or air brake, exhaust, fuel tank, steering, suspension, mufflers, alternator, turbos, starter, fuel pumps, axels, heating, cooling, hydraulics, air lines, computer, electric diagnostics, or anything else that needs help. Their diesel mechanics providers are field tested and have completed work for us in the past. They are experts on diesel engines like Cummins, CAT, Detroit Diesel, Volvo, Navistar, GM, Coronado, and many more. They have a complete inventory of tools, hardware, and diagnostic equipment at their disposal and their mechanics are fully equipped to handle emergency calls. Based on the asking price, required down payment and net income this business should supply a consistent return to the owner operator prior to debt service. The business is located in an urban commercial area of Essex County, New Jersey. The company is near to various major state highways for convenient service. The facility consists of a 5,000 square feet commercial building with multiple truck bays, private offices and substantial parking for its various vehicles. The seller is relocating into a similar but alternative industry out of the general area, representing an increase in his personal income. The business assets have an estimated value of approximately $185000 which is based on replacement cost and the sale consists of a fully equipped commercial auto truck repair company, which includes truck lifts, tow vehicles, a large assortment of equipment, accounting 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 consists of 5,000 square feet with four bays, an indoor capacity for six trucks, a large exterior area also for repairs and storage and substantial private parking. The business is operational five days per week with hours from 7:00 am to 5:00 pm. The business has a Certificate of Occupancy from the municipality and various licenses to conduct business at this facility. The business has a commercial lease which expires 2017, with additional options, and a monthly rent of $8,958, rent security of $10,000, rent cost of $29.59 per square foot. The business has a full staff of eight experienced employees who are unaware of the pending sale and expected to remain post closing, monthly payroll of approximately $15,800.Regarding competition, no other similar truck repair companies are in this general area, also the seller will supply a non compete agreement to the new operator. With an improved marketing plan this company can be further developed representing a greater net income to the operator. The seller will supply a full transitional period and remain thirty post-closing. The business has a gross yearly income of $2,000,000 and a yearly net income of $225,000 based with on onsite ownership and prior to any debt service. The business has been valued at $550,000 based on a multiple of the net yearly income including the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. By appointment only, employees are not aware of the pending sale.
Facilities:The business is located in an urban commercial area of Essex County, New Jersey. The company is near to various major state highways for convenient service. The facility consists of a 5,000 square feet commercial building with multiple truck bays, private offices and substantial parking for its various vehicles.
Competition:Regarding competition, no other similar truck repair companies are in this general area, also the seller will supply a non compete agreement to the new operator.
Growth Potential:With an improved marketing plan this company can be further developed representing a greater net income to the operator.
Training/Support:The seller will supply a full transitional period and remain thirty post-closing.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:Alternative larger business opportunity.
Ad #88183
Seller Reference #AUTO210
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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