Truck & Auto Repair Co.
(Seller's Discretionary Earnings)
included in asking price
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Owner retiring after many years in this industry and will finance this business opportunity to a qualified buyer. This long-standing company services and repairs commercial trucks with a yearly gross income of approximately $460,000 and the net yearly income is estimated at $90,000. The company offers heavy, medium and light duty truck preventative maintenance and repair services. They supply quality service to ensure their customers complete satisfaction. They are experienced and qualified to work on a wide variety of truck repair and services. Regarding employees and payroll, this truck repair company consist of four full time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, consisting of mechanics and the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $13,500. The business transaction has an assignable commercial lease which expires 01/31/2023, plus additional options available, with a monthly rent of $3,500, cost per square foot is estimated at $17.50, and rent security of approximately $3,500. This successful truck service and repair business operation is active five days per week, with hours from 8:00 am to 5:00 pm. The business has been valued / priced at $195,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.
About the Business
Contact the Seller
- Burlington County, New Jersey
- Year Established:
- Number of Employees:
- Real Estate:
- Building Sq. Ft.:
- $1.46 Per Month
- Lease Expiration:
The retail facility which consist of four truck bays, approximately 2,000 square feet and is fully equipped and functions as an efficient truck repair shop. The business is in a mid-size commercial industrial mall with various other companies. This profitable business opportunity is in central New Jersey, Burlington County, which consists of numerous companies and highly populated communities with continued demand for this industry.
Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth & Expansion:
The business can be further expanded by the new operator, by instituting an improved marketing plan and local advertising, also adding a web site which would further improve the company yearly gross sales.
About the Sale
- Reason For Selling:
Owner is retiring from the industry.
The seller / owner will remain after closing and is prepared to supply an appropriate transitional period to the purchaser. Also, if required the seller may be available to supply additional training, at a fair cost to the purchaser.
- Seller Financing:
Can be available to a qualified buyer with an appropriate down payment.
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