Established auto sound business. Great financials and upside!

Newark, NJ

Seller Financing Available

Asking Price:$600,000
Gross Revenue:$823,000
Established Year:2015
Cash Flow:$629,000
Rent:$6,000/Month
BUSINESS DESCRIPTION

Seller's financing available!

Fantastic opportunity on the heart of the Irounbound! Stablished business with over 9 years on the market is now available for one lucky buyer only. If you are on the auto business, you do not want to miss this opportunity. Located on a 6250sqft warehouse in mint condition, the owner is transferring its lease, which still has 5 more years on it. Possibilities are endless on the space, being able to expand the current business, which offers over 11,000 clients on its list of clients and phenomenal financials with potencial to a ROI of over 100%!! The current business specializes on car audio installations, but also provides windows tinting, car wrapping, remote start installation and many more! Business is also the authorized vendor for many big brands such as Sony ES, Kicker, Pioneer, Alpine, Rockford Fosgate, Focal, DS18, JL, Compustar, Prestige, Directed, Wheel Pro, Wheel One, LED GLOW and many more. There is a CO for auto mechanic shop available and transferrable to the new owner. The current list of inventory is also available on the purchase price. Seller might entertain seller's financing with the right offer.


DETAILED INFORMATION
Location
Newark, NJ
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
6,250
Lease Expiration
31/07/2029
Facilities
All inventory and equipment are included on the sale.
Competition
No other competition available on town.
Growth & Expansion
CO is available and included on the sale for an auto body shop. Other expansion on the auto category are also available.
Support & Training
Current staff could remain employed.
Reason for Selling
Relocating

BUSINESS LOCATION
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Victor RamosFaist
Victor Ramos Faist