Auto Body & Towing Co

Jersey City, NJ

Seller Financing Available

Auto Body & Towing
Asking Price:$595,000
Gross Revenue:$1,100,000
Rent:$18,500/Month
Established Year:1970
Cash Flow:$165,000
Inventory:$1,500
FF&E:$500,002
BUSINESS DESCRIPTION

Fantastic opportunity for a fifty-year-old successful urban Towing and auto body company in a highly popular area of Jersey City Hudson County New Jersey. The owner is now retiring after many years of consistent income. The company has valuable towing approvals-licenses with various municipal and county governments which are irreplaceable. They are an I-CAR Gold Class Shop and AAA Certified Repair Facility. The company has valuable relationships with insurance companies which refer to much of the service. The towing company also has the appropriate licenses to conduct business. The company has a yearly gross income of $994,748. This company offers top-notch towing services and auto body repair. They understand that unexpected breakdowns and accidents can happen at any time, which is why we offer 24/7 emergency towing services to ensure their customers the best of service. Their experienced and skilled tow truck drivers are equipped with the latest technology and equipment to ensure that your vehicle is towed safely and securely to its destination. In addition to towing services, they also offer roadside assistance to help you get back on the road quickly. Contact us today to learn more about this exciting business opportunity. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator.


DETAILED INFORMATION
Location
Jersey City, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
13,200
Lease Expiration
01/01/2040
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This business opportunity is in north central New Jersey, Hudson County on a highly active county road. This business facility consists of approximately 13,000 square feet with a professional appearance. The business is in a free-standing retail facility conveniently location for its various customers. This Auto Body and Towing company operates out of a central facility where they store their equipment and vehicles. This facility also serves as a base for dispatching tow trucks to customer locations. Additionally, towing companies have impounded lots whe
Competition
Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business due to the unavailable restricted licenses. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth & Expansion
Regarding growth and expansion, the company can be further developed by accepting the demands for towing and improving the local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
Financing
Also, Owner financing is available for this transaction to a qualified buyer with an
Support & Training
Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.
Reason for Selling
The purpose of this business transaction is due to the owner’s retirement after
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Ron
Cervelli
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Ron Cervelli