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Auto Repair w/ Property and House

Monmouth County, New Jersey

Asking Price: Gross: Cash Flow:
$2,100,000 $699,000 $190,000

Furniture and Fixtures Value:
$90,000 (included in the asking price)

Real Estate:
$1,450,000 (included in the asking price)

Business Summary:
High Margin Auto Repair Shop located in affluent area. Price includes 1 acre of land, Repair Shop and beautiful house. Only 5 days per week. Tremendous money maker. Great set-up.

 
   
   
Year Business was Established: 1990
   
Number of Employees: Owner + 2 technicians + 1  
   
Facilities / Terms of Lease: Over 1 acre of property included in sale. Parking for 15 cars. 6-Bay Auto Repair Shop (4 bays currently used). Beautiful House that is fenced off from Shop has 4 bedrooms and 2 1/2 baths. Tenant rents small part of Property for $900 per month.  
   
Potential Growth/Expansion: Current hours are Monday through Friday. New Owner could increase sales by opening on Saturdays.  
   
Competition: Loyal clientele. Business is growing due to decline in new car sales. Shop is known for providing excellent repair services (not for low prices).  
   
Owner willing to finance: Financing available to qualified Buyer  
   
Owner willing to train: Yes, for two weeks, more by agreement  
   
Reason for selling: Relocation  
 

 

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