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Established Automotive Repair – Price Decrease

Morris County, NJ, USA
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Businesses For Sale | Auto Repair & Service Shops For Sale

Listing ID : 430033

Listed On May 21, 2024 View Count 2377

Listing Updated July 1, 2024

Price :
$295,000(Price Reduced)
Business Overview :
Gross Revenue:
$481,709
Cash Flow:
$179,042
Year Established:
1991
Number of Employees:
2
Inventory Included:
Yes
Estimated Value of Inventory:
$10,000
Furniture, Fixtures & Equipment (FF&E) Included:
Yes
Estimated Value of FF&E:
$15,000
Outstanding Liabilities & Debts:
No
Business Location Details :
Business Location:
Leased
Rent:
$2,050
Building Size:
1,900 Sq. Ft.
Facility & Tenant Improvements:
The business operates out of a 1900 square foot shop. There are 2 lift bays, open floor space for 2 more vehicles, a 100 square foot storage room and a lunch area. There are 2 garage doors and 1 main door. Currently, the reception area was removed. A reception area, with a separate entrance, can easily be re-created. The facility has easy access to major interstate highways and ample room to accommodate continued growth.
Property Details :
Terms :
NDA Required:
Yes
Broker Co-Op:
Yes
Support & Training Offered:
The Seller is willing to stay on board to ensure a smooth transition for the new owner.
Reason for Selling:
Other interests
Company Overview :
Franchise Overview :
Description :

This is an excellent opportunity to acquire an established Automotive Repair Facility 

Founded in 1991, by a second-generation auto shop owner, this business services all makes of American cars and light trucks.  In addition, they have developed specific expertise in the repair of Asian cars.  The shop performs scheduled servicing and maintenance and a wide range of repairs, including everything from fluid changes and tune ups to any size repair including tires, brakes, suspension, fuel injection and driveline components.  The focus is heavily weighted on maintenance and service work. The hours of operation are Monday through Friday and is closed on weekends.

Located in Morris County, New Jersey, the facility is approximately 1900 square feet in total which includes a shop with two lift bays and open floor space for an additional two vehicles.   A full complement of equipment, none of which is leased, is included in the purchase price.  The bulk oil and transmission fluid equipment are loaned by the vendor, at no additional cost, as long as the products are purchased from them.  

There are two full-time employees on the staff in addition to the owner.  The technicians perform all diagnostics, hands-on services, and repairs.  The owner oversees the operation including customer service, which includes scheduling appointments, estimating, selling, ordering parts and supplies, invoicing, and payables.

After more than 30 years the seller is planning his retirement and is willing to stay on board to ensure a smooth transition for the new owner.                

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