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Business for Sale Summary

Tire Sales Auto Repair Service-Union County, NJ - 18345

Business Type: special situations,best deals!,must sell/drastic price reduction!,auto repair,auto/truck mechanical repair,retailing businesses,service businesses,other business services,repair services,misc. servicel/non-classifiable
Tire Sales  Auto Repair Service-Union County, NJ
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Financial Information (non-confidential)

General Information
Asking Price $395,000 Down Payment $320,000
Gross Revenues $620,000 Lease Remaining Register Free to View
Owner’s Cash Flow $280,350 Number of FT Employees Register Free to View

Financing

$320,000 Down and $75,000.00 at 8% over 6 years

Business Description

An excellent opportunity awaits an ambitious person or persons for this full service auto and tire center. This facility has been in existence for 50 years, with the present owners operating it for 25 years. This business is located on a well traveled county road just a few hundred yards away from the main entrance to one of NJ's largest companies. Building on the existing profitability would be easy for an ambitious person, due to the fact that various auto services such as heavy engine or transmission work are not performed. This facility offers towing and alignment services to its customers, but these services are performed through a 3rd party. Repairs on larger trucks, including tires, are not performed, as well as any type of diesel work. The present owners do not perform any type of aftermarket installation service, such as alarm and auto start systems, performance work, including performance exhaust systems, custom wheels, or any other type of customizing. The owners have a considerable customer base due to their unique location and years in business. They have an excellent reputation for honest work, superior customer service, name brand products, and competitive prices. They have a consistent flow of business and have very little advertising costs! This facility is also unique due to the fact that a separate car wash/detail center and separate used car sales business also exist at this location. These operations compliment each other and truly makes this a full service center. The business has 2 service bays with lifts, as well as an outside service area. All equipment is included in the sale with items such as portable lift, hydraulic jacks and bumper jack, 2 tire machines, wheel balancer, diagnostic scanner, brake lathe machine, various tools and all office equipment. The building is approximately 1500 sq. ft. with 2 offices, 2 baths, (1 Handicap accessible), and storage.

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.