Established Auto Repair Center in Prime Neighborhood For Sale

Business description

A successful, neighborhood auto repair business located in a prime area of Passaic County, New Jersey. The business is well established for thirty years and has a steady clientele which brings the owner a generous income year after year. This large facility has endless possibilities and includes two bays and parking for thirty vehicles. The present owner is retiring from the industry and will train a new operator. The present owner enjoys a gross annual income of $250,000 and nets $75,000 yearly. The owner will train and finance the sale to a qualified buyer. Please contact for additional information.

Property information

Real Estate:

Lease

Lease terms:

Thirty car parking is available and part of the lease agreement. The seller will provide a new ten year lease to the new owner with an option on the real estate property. The real estate purchase is available through our real estate division.

Location:

Entire facility is on one half acres and business facility consists of 1,300 square feet. Site includes two garages and a full office.

Other information

Expansion potential:

The present business has no employees or an advertising plan. The business can be substantially improved and developed for a greater net income to the new owner.

Competition / Market:

No other repair centers are located in the area of this business.

Support & training:

Seller will provide a complete due diligence and transitional period.

Reasons for selling:

Retirement after 30 years.

Trading hours:

Mon - Sat 8:00am - 6:00pm

Financing available:

Owner financing is available.

Furniture / Fixtures value:

$45,000

Inventory / Stock value:

$3,000

Contact the seller

For more information about this business for sale, click the Contact Seller button.

Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.