1. Home
  2. Businesses for Sale
  3. New Jersey
  4. Auto/truck Mechanical Repair

Business for Sale Summary

Tire and Auto Service w/ Gas Station Sublease - 31316

Business Type: automotive dealers/ auto retail,misc. retail/non-classifiable,auto repair,misc. servicel/non-classifiable,seller financing available,auto/truck mechanical repair
Tire and Auto Service w/ Gas Station Sublease
Get Instant Access to the Business Financial Information

Take Action

This Listing Has Not Been Added to Your Portfolio Add this listing to your portfolio to view confidential financial info
View Financials Free Get the Address Click Here
*Some information is only available to registered members. Please login or register to view confidential information.
This business has received 31 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $400,000 Down Payment $250,000
Gross Revenues $700,000 Lease Remaining Register Free to View
Owner’s Cash Flow $187,500 Number of FT Employees Register Free to View


$250,000 Down and $150K over 4 yrs. @ 6%.

Business Description

Tire and Auto Service w/ Gas Station Sublease. The current owner has been here since 1987. He worked for the previous owner and then took over when he retired. This is a large shop with 2,800 sq. ft. of space and 4 bays with 4 lifts. The sale includes all furniture, fixtures and equipment including a shop pick-up truck. There is an existing customer database of approx. 700-800 people. This is a turn -key shop that is ready for a new owner. In the past year the business grossed approx. $700,000.00 (approx. 85% auto repair and 15% tires) with a cash flow of approx. $187,500.00. There are 18 years left on the current lease at a total rent of $6,100/mth, but the main lease that you would assume includes a sub-lease for a branded gas station on the same property. That gas station sub-tenant pays half of the rent or $3,100/mth. When that lease ends you can extend it or take over the gas station operation as well. We are seeking a serious and financially qualified buyer with at least $280K in liquid funds to cover the downpayment, $6,200 in rent security and approx. $20K in inventory. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

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.