Asking Price: $495,000 Gross Revenue: $688,845Cash Flow: $204,836 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
One of a kind opportunity to purchase a high volume profitable auto repair business with loyal client base of over 2,700 customers including fleet accounts.
Owner is retiring after 47 successful years in business (35 years at current location).
The community is growing rapidly. There are 500-800 new apartment units in the area with more being approved. These are all potentially new customers with vehicles who could be reached with an advertising campaign.
Prime location in a highly desirable town near transportation to NYC.
The shop is currently open 5 days/ week. Opening on Saturdays and Sundays would increase annual sales.
All equipment needed for auto repairs are updated and functional to the garage.
10 bays, 5 lifts and 1 drive on rack lift.
Employees are expected to stay on with new ownership.
The Real Estate is listed separately for a sale price of $1.4M. There are no similar buildings available in this booming, affluent town.
Real Estate info: Lot size- 60x 125 ( 9,200 sq ft).
Building is 4,600 square ft.
There is also an adjacent 2 family house available to purchase separately @ $550k
Package/business financials available after NDA/buyer proof of funds
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About the Business
Number of Employees:
The Real Estate is listed separately for a sale price of $1.4M. There are no similar buildings available in this town. There are 500-800 apartment units in the area with more being approved. All potentially new customers!
Growth & Expansion:
The business has tremendous growth potential for someone that wants to invest in advertising (very little currently being done) and open the shop on weekends. The business is currently open 5 days/ week. Opening on Saturday and Sunday would increase sales. There is a website now but no money invested in web advertising (SEO / Social Media).
Northern NJ Auto Repair Shop- Established 47 years
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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