Auto Parts & Repair Center

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Asking Price:
$375,000

Gross Revenue:
$930,121
Cash Flow:
$140,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$175,000
included in asking price

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Business Description

Highly successful business opportunity for this lucrative retail auto parts and repair center located in an active urban commercial area of Northern New Jersey Hudson County. This business offers quality products from Continental, General and Toyo and provides wonderful service to its many customers. Their service department specializes in performance parts, tire installation and diagnostics. Since 1997, this auto retail shop has been providing top quality auto parts to the public. The business sells tires, rims, and specialized performance accessories to the public. The business also offers a full-service menu of auto repairs with a substantial markup for the current owner. Tire & Rim Parts sales account for 35% of the business, general auto repairs account for 65% retail sales represents the remaining income. The present owner is relocating and will provide financing to a qualified purchaser with an appropriate down payment. This business has eight employees who are unaware of the pending sale and expected to remain post-closing, monthly payroll is approximately $10,500. The business has an assignable commercial lease which expires 2024 with a monthly rent of $3,300, cost per square foot is $10.00 and rent security $6,400. The price has been set at $375,000 based a multiple of the net yearly income and the value of the assets, also owner financing is available to a qualified buyer with the appropriate down payment. Because the sale this business is confidential all viewings are by appointment only and photo may not represent this particular business.

About the Business

Location:
Hudson County, New Jersey
Year Established:
1997
Number of Employees:
8
Real Estate:
Leased
Building Sq. Ft.:
4,000
Rent:
$3,300.00 Per Month
Facilities:
The business is located in a densely populated urban area of Hudson County, New Jersey with a substantial demand for this particular service.
The facility is on a commercial avenue which consists of 4,000 square feet with rear parking. The entrance is a showroom for tires, rims and wheels and the rear is a large garage for repair. The garage is fully equipped with 3 lifts and alignment equipment and all equipment in the business is in excellent working condition.
Market Outlook/
Competition:
The seller will supply a five year, five miles non-compete agreement and no other auto store and repair business is nearby this business facility.
Growth & Expansion:
With an improved marketing plan and internet sales, the business can experience an increase of the gross sales.
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About the Sale

Reason For Selling:
The owner is relocating into an alternative industry out of the area.
Training/Support:
The seller will remain post closing and supply a full transitional period
Seller Financing:
Available to qualified buyers.

Listing Info

ID:
1631124
Ad Detail Views:
0

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Business Listed by

Ron Cervelli

Regal Consulting Corp.

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