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5,000sqft AutoBody Building Priced Below Appraisal

Bergen County, New Jersey

Asking Price: Gross: Cash Flow:
$750,000 $588,647 $84,583

Inventory Value:
$5,000 (included in the asking price)

Real Estate:
$750,000 (included in the asking price)

Business Summary:
Great opportunity to purchase a 5,000 sqft free standing building with seller financing, priced $120,000 below appraised value with all the equipment to run a successful Auto Body Shop. Two large doors for vehicles to enter, the first floor is large enough to fit and repair many cars at once. Separate door leading to second floor 800 sqft office which includes two offices, bathroom, eating area and storage room. Equipment includes two spray booths, infrared lights for drying, frame machine, laser measuring system, vacuum system, computer system, active website as well as a Used Car License. Built in 1950, the building is located on a busy street with national retail chain stores in the immediate area. It is currently occupied by profitable Auto Body Shop, the assets of which are all included in the purchase price if needed.The on-site owner is retiring and is very motived to sell. The owner is willing to provide seller financing with generous terms to facilitate the $750,000 purchase, including a low down payment and extended payment schedule for qualified buyers. For more details call Paul Holveck at Executive Business Brokers, 908-851-9040 x277..

 
   
   
Year Business was Established: 20
   
Number of Employees: 3FT  
   
Owner willing to finance: Generous terms available for qualified Buyer  
   
Reason for selling: Retiring  
 

 

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