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Commercial Building Setup for Lube/ Repair

Essex County, New Jersey

Asking Price: Gross: Cash Flow:
$700,000 Undisclosed Undisclosed

Real Estate:
$700,000 (included in the asking price)

Business Summary:
At present no tenant-corner location (4,000 sq ft) set up for oil change/repair shop on one of the busiest street in Essex County. Within a commercial zone, four bays set up for repairs and lube changes. No other large center within the area. (Virtual monopoly). This can be an extremely profitable for anyone going into business at this location as all area residents drive around in cars that need immediate repairs. Area is densely inhabited land assessed $70,400 building $136,600.

 
   
   
Year Business was Established: 1980
   
Facilities / Terms of Lease: Very attractive building set up for repairs and oil change prominent corner. 4 work bays, building, and fixture all in excellent condition, same owner as listing # 5236, adjacent buildings.  
   
Potential Growth/Expansion: Just open up, people within this demographic area need repair/ oil change shops as they are customers are riding around in older vehicles.  
   
Competition: No lube changes shop in entire area.  
   
Owner willing to finance: Seller will not accept any partial payments- mortgages have to be obtained  
   
Reason for selling: Seller selling all assets  
 

 

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