Successful 25 year old auto franchise business located in Northern New Jersey, Essex County with a gross income of $1,500,000 and a consistent yearly net income.
The sale is due to the owner death and the price has been set most aggressively to a qualified experienced operator. The business offers basic auto repair and a large volume of the income is from oil change and general services.
This 7,500 square foot facility is fully equipped with multiple bays including all the required equipment. The sale includes a long term commercial lease to the new owner operator. The Goodyear Auto Service Centers are full-service tire and automotive repair facilities, individually owned and operated since 1924. This particular business has twelve employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll approximately $30,000.
The sale will include a fifteen year commercial lease which expires 2029-01-01 plus additional options, with a monthly rent of $25,000 and rent security $25,000. The business facility which consists of 7,500 square feet and has a capacity for approximately fifteen customers and ten vehicles. The sale includes a fully equipped auto repair business, with multiple bays, numerous lifts, tire changes, various compressors, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation of this auto center.
The facility has private parking for 17 vehicles on site as part of the commercial lease. The business is active six days per week, with hours from 8:00 am to 6:00 pm. The sale includes a certificate of occupancy from the particular municipality, franchise approval and the required license approval from the city. This Goodyear Auto Service Center has provided excellence in tire and automotive service to drivers nationwide.