Auto Repair Business in Union County, NJ - 33499 Business Type: auto/truck mechanical repair
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $225,000 | Down Payment | $225,000 |
| Gross Revenues | $390,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $125,000 | Number of FT Employees | Register Free to View |
Financing
$225,000 Down and
Business Description
The owner of this auto repair shop has been in business over 10 years; the property utilized as such for more than 40 years. Enroute to a banner year, revenues are up YOY (2021 vs. 2020) and are up month to month in 2021 helped in part by the addition of new fleet business with more than 100 vehicles.
Located in Union County, New Jersey, the property boasts 8500 sq ft warehouse style space with clear span, thick concrete floor, 14-foot ceilings and parking space for 50 vehicles. Of this, the subject repair shop uses 4700 sq ft of the building and rents the rest out. The company pays $100k in rent annually of which $60k is collected from sub-tenants. Their subtenants are month to month to give you flexibility if you need more space.
The company repairs and services foreign and domestic cars and light trucks, fleet cars and neighborhood walk-in business. The shop utilizes 3 lifts which are included in the sale as are a full compliment of diagnostic equipment, tools and inventory.
For more information, contact Gerald Nimberg, Senior Business Broker, at Vested Business Brokers at 646-269-4616.
Attention Business Owners:
We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.
Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
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