Independent Auto Repair Business
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $570000
Net Profit / Cash Flow $82475
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1959
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Description If you are mechanically inclined and you are looking for a recession-resistant business, look no further than this listing. You do not need to be an accomplished mechanic to own and operate this auto repair business for sale. Skilled mechanics are already employed here, and the current owner is willing to continue working for up to 2 years to train and ease the transition with introductions to customers. A new owner can focus on growing the business by managing customer relations and shopping for parts. An owner with experience as a professional mechanic can maximize the profits of this well-established business. Independent auto repair shops such as this one thrive during economic downturns, as consumers retain their cars longer or buy out their car leases. This particular business has shown consistent year-to-year growth even during the difficult economy of 2008. It is located in a pleasant community with a large number of older cars, which require regular service. It has been operating for more than 50 years (3 years under the current owner) in the same location. The premises include 3 bays with 2 two-post lifts and 1 four-post lift, enough indoor space for 4 cars, and a fenced-in lot with parking for 12 to 15 cars. Equipment includes 2 tow trucks, up-to-date computerized equipment and 2 tent garages to store classic auto projects. The business is based on the profitable basic repairs and custom exhausts, but it also sub-contracts larger repairs such as transmission work. The volume accounts include the local police, DPW, Board of Education, ambulance and a limousine company. There are excellent growth possibilities with an expansion of towing, inspections, and customizing. 4 years remain on the current lease, and the landlord could arrange an attractive 10-year lease. You can make money in a tough economy with this great business, but you must make your inquiry without delay!
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