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Business for Sale Summary

Unbranded Gas & Auto Repair Shop for sale in NJ - 34029

Business Type: auto body/collision repair,auto repair,auto/truck mechanical repair,misc. service/non-classifiable,gasoline service station
Unbranded Gas & Auto Repair Shop for sale in NJ
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Financial Information (non-confidential)

General Information
Asking Price $350,000 Down Payment $350,000
Gross Revenues $2,170,000 Lease Remaining Register Free to View
Owner’s Cash Flow $162,000 Number of FT Employees Register Free to View

Financing

$350,000 Down and

Business Description

Essex County Gas Station and Auto Repair Shop (and possible convenience store) now available. This Essex County businessman has put his unbranded gas station and three-bay auto repair shop up for sale. The net profit on the gas is about 26 cents per gallon reflecting ownerships decision to price the gas at about 6 cents per gallon above market rates and thereby, take advantage of traffic flow which brings drivers headed to and from the freeway right past their doorstep. The gas station pumps about 55,000 gallons per month. Honesty, workmanship and service mark the reputation of the collocated, 80-year-old, 3 bay repair shop that services autos, school buses, wheelchair vans and box trucks. New business comes in by word of mouth only, helped by the exposure created by the gas station. There is considerable room for further growth. The business is not advertised or promoted anywhere. The business has parking for 25 vehicles, and it can be converted to a used car lot, or the 350 sq. foot office can be converted into a C-Store. The real estate is owned and available as an option; approximately 12,000 sq. ft. and valued at $600,000. Please call Gerald Nimberg, Senior Business Broker, Vested Business Brokers, 1-646-269-4616 for further information.

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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.