Monmouth County Auto & Light Truck Repair Business & Property For Sale

Business description

The current owner took over the family business in 1968, making it a 3rd generation business, a virtual landmark, with name and reputation recognition. This very successful Monmouth County business is in an area that has frown from a rural farm area to a heavily populated location, surrounded by housing developments, condos, businesses of all kinds, shopping malls (including Walmar/Sam's Club), restaurants, a hospital, many medical buildings and a very busy roadway, on which this business has 237' of frontage and 1.38 acres. In spite of the current economy, this area continues to experience explosive growth. 25% of revenues comes from municipal agencies and schools. Much of the 1.38 acres is currently underutilized, offering significant growth opportunities by adding complimentary services and products or renting the excess space, possibly to Enterprise Auto Rental as one example. Owner is advanced in age and lacks the energy to expand. He wishes to retire. The real estate valued at $1,100,000 is for sale and not included in the asking price of the business.

Property information

Real Estate:

Real Property Included

Premises details:

1.38 acres; 237' frontage on a major road in an area that is experiencing explosive growth even in this economy. One story main building 5,400 SF; 6 bays; 3 hydraulic lifts; 24' X 24' detached garage; 200' X 30' row of sheds. Parking for 30 plus vehicles.

Size in square feet:

1.38 acres; 237' frontage

Business Operation

Expansion potential:

The area has been experiencing explosive growth currently and for a number of years. The owner lacks the energy to expand the business. In fact they now are closed on Saturday. The owner only works 4 days a week. With this being a 3rd generation business with name and reputation recognition, what this business needs is fresh youger blood with energy, focus and vision to capitalize and leverage the business's attributes, bringing it to the next level.

Reasons for selling:

Retiring. Very advanced age. Tired.

Trading hours:

7 am to 5 PM Monday through Friday

Employees:

7

Years established:

1940

Other information

Support & training:

Owner will train.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller financing available to qualified buyers.

Furniture / Fixtures value:

$150,000 (included in the asking price)

Inventory / Stock value:

$21,000