Established Automotive Repair - Great Location - Price Decrease
Asking Price: | $295,000 |
Gross Revenue: | $481,709 |
Rent: | $2,275/Month |
Established Year: | 1991 |
Cash Flow: | $179,042 |
Inventory: | $10,000 |
FF&E: | $15,000 |
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 is one full-time employee on the staff in addition to the owner. The technician performs 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.