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Business for Sale Summary

Full Service Auto Body Shop for sale in NJ - 34787

Business Type: auto repair,auto/truck mechanical repair,misc. service/non-classifiable,other business services,professional services,repair services,seller financing available,auto body/collision repair
Owner Financing
Full Service Auto Body Shop for sale in NJ
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Financial Information (non-confidential)

General Information
Asking Price $425,000 Down Payment $225,000
Gross Revenues $630,000 Lease Remaining Register Free to View
Owner’s Cash Flow $170,000 Number of FT Employees Register Free to View

Financing

$225,000 Down and $200k at 5.5% for 60 months

Business Description

For over 58 years, this family-owned Collision Repair business has been the Monmouth County NJ go-to place year after year, with 38 years of the current seller. The company has been profitable every single year without exception – even though the current owner has created a work-life balance that provides ample time to spend with family and children’s activities as they grow up. This is due to 2 reasons: Number one, he has created a facility that is the perfect physical size for this balance. This 2,500 sq. ft. facility is laid out in such a manner that allows work on many different vehicles at the same time, including the ability to perform frame / uni-body repairs in the frame area while performing assembly and panel repairs in other areas of the facility and mixing paint and refinishing in the enclosed paint mixing room and spray booth. This well-thought-out shop design allows the work to flow smoothly through each repair process and results in customer’s vehicles being repaired and back on the road as quickly as humanly possible. Number 2, the Seller has created a management and marketing system that produces profit in any economic environment. State-of-the-art equipment includes a paint mixing system and a down draft paint booth, which provides a factory-type finish. The business also includes a complete auto detailing salon, 3 frame uni-body repair machines, a laser measuring system, a 9000 lb. vehicle lift, 4-wheel alignment equipment, wheel balancing machine, an air-conditioning recovery and recharge station, MIG welding equipment, and much more! All of the above equipment allows production for all phases of collision, auto body, and mechanical repairs. DRP (Direct Repair) Shop agreements are in place with 4 insurance companies, and referral agreements are in place with multiple other insurance companies. 2 trucks are also included: One is a flatbed, and the other is a tow truck with agreements in place with 2 police departments. The seller owns the property and is willing to do a lease or offer the buyer the opportunity to purchase the property. Call the listing broker, Sandy Nacht, today at 609-610-7100 to learn more about this fantastic opportunity.

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.