* Included in Asking Price
Owner retiring after many successful years in this industry, with a gross yearly income of $256,000 and a consistent yearly income of $158,000 to owner operator. This forty-year-old business has a wonderful reputation with a substantial number of loyal satisfied clients. This business has one part time employee who is unaware of the pending sale and fully expected to remain post-closing, monthly payroll $1,100.
The sale includes the real estate, however the owner would consider purchase of the business, option for the property and an appropriate lease agreement. The auto business assets has an estimated value of approximately $25,000 which is based on replacement cost and the sale consists of a fully equipped auto repair shop, which includes auto lifts, tire machine, 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 sale. The business is active five days per week, with hours from 7:30 am to 5:00 pm. The sale includes a certificate of occupancy from the municipality and the required city licenses to conduct its day to day business. 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 substantial cash income to the owner operator. Based on a 20-year payout at 5% interest, 20% down payment purchaser would obtain a consistent net yearly income return on investment after debt service. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this business opportunity.
|Facilities:||This successful retail facility consists of 1,625 square feet with an appropriate professional appearance. The company is located on an active commercial avenue with many other successful retail businesses. This opportunity is in Northern New Jersey, Hudson County, in the City of Bayonne, which consists of a highly populated city with continued demand for this service.|
|Competition:||To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.|
|Growth Potential:||This auto repair company has a no marketing plan or web site and if improved can further develop the business income.|
|Training/Support:||The seller will remain after closing to supply an appropriate transitional period to the new owner.|
|Seller Financing:||Seller financing is available to qualified buyers.|
|Sale Reason:||The sale has become available due to the seller retirement.|
Seller Reference #AUTO231
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