Thirty year old high volume Auto Body collision repair business with option to purchase the real estate located on an active state highway in Sussex County, Northern New Jersey. The business has been at this location for many years and is fully equipped with up to date and state of the art equipment which is required for high volume production. The sale includes long term relationships with various businesses including numerous insurance companies. The business has a yearly income of $625,000 and a net income of $165,000. The shop is very spacious consisting of 4,000 square feet with various areas designed for different repairs. The business is active six days weekly Monday thru Saturday with hours from 8:00 am to 5:00 pm. The owner will supply a long term lease with a monthly rent of $4,500 & an option to purchase the real estate. The business has municipal & state licenses to conduct auto repair business at this particular location. The business also has numerous relationships with insurance companies that refer business. This transaction includes all existing equipment consisting of various support equipment, paint equipment, repairs tools, etc with a minimum value of $150,000. The site consists of one acre and will support parking for 40 vehicles. The owner is retiring after many successful years in this industry and enjoys a wonderful reputation in the area. This is a solid opportunity to take over this successful business and seller financing is available.
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Property Features and Assets:
The facility consists of 4,000 square feet, with a high production capacity including an indoor repair area for nine vehicles. The facility has a modern professional appearance, with a private office and is fully equipped to conduct a high volume production.
Market Competition and Expansion:
No nearby auto Repair Companies are a direct competitor to this business and the seller will supply a non compete agreement to the purchaser. With an improved marketing plan this auto body business can be further improved representing a higher net profit to the owner operator.
Reason for Selling:
Retirement after many successful years.
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.