Established Automotive Repair - Great Location - Price Decrease

Morris County, NJ
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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
BUSINESS 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 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.


DETAILED INFORMATION
Location
Morris County, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,900
Lease Expiration
31/12/2029
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
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.
Competition
After more than thirty years in the area, this business has built a loyal customer and referral base by providing excellent service at reasonable rates..
Growth & Expansion
Today, no internet or social media advertising is active.
Support & Training
Seller is willing to stay on at market rate to ensure a smooth transition
Reason for Selling
Retirement
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Steve
Zimmerman
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Steve Zimmerman