Business For Sale

Auto Repair Franchise - Bergen County

Not Disclosed, NJ
Bergen County


Asking Price: Annual Revenue:
$110,000 $498,000

Automotive & Boats: Auto & Truck Repair & Service


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RE: Auto Repair Franchise - Bergen County Broker: Art Blumenthal
Owner Financing is Available!
Seller will provide up to $75,000 financing at 7% for 5 years.

Quick Facts

Asking Price: $110,000
Annual Revenue: $498,000
Net Profit: Not Disclosed
Cash Flow: $63,300
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: 1980
Employees: 4
BBN Listing #: 768631044
Broker Reference #: 11201202

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Business Overview:

Never before has there been a better time to BE YOUR OWN BOSS in the multi-billion dollar automotive service industry. This well established auto center is a nationally recognized franchise brand, offering total car care including brakes, oil changes, exhaust, scheduled maintenance, tires, steering and suspension services. Established profitable operations already have the equipment, inventory and experienced employees in place. Located along a high traffic commercial strip and adjacent to a major shopping center, this business offers a Buyer a unique opportunity to control your own destiny and realize your dreams of owning a respected business in the community. This highly visible prime retail location is on a major corner in an area that draws from surrounding densely populated residential neighborhoods. The national franchise benefits from a high brand awareness, exceptional advertising and 60+ years of experience in providing training and support systems to franchisees that are geared towards business success. The Business achieved gross sales of $498,000 in 2017, an increase of 5.6% over 2016. Cash Flow increased 62% to $63,300.

The Asking Price of $110,000 for the Business includes equipment valued at $40,000. Inventory of $15,000 is available and additional. The 3,225 square foot prototype building has high ceilings and five service lifts, including an alignment rack, and plenty of room for storage. The Seller currently operates multiple auto repair franchise locations in New Jersey. He wishes to transition the Business to a new owner in order to downsize and eventually retire after three decades. The Seller will provide up to $75,000 in financing at 7% for 5 years to a qualified candidate who makes a cash down payment of at least $50,000.

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Property Features and Assets:

Auto repair center is a nationally recognized brand and one of the largest providers of auto service, offering total car care including brakes, oil changes, exhaust, scheduled maintenance, tires, steering and suspension services. Fully equipped 3,225 square foot building has 5 lifts, an attractive customer waiting area, plenty of storage area, and 10 parking spaces. Classroom and on-line training is provided by Franchisor per the FDD. Forty hours of additional weeks of training and three months of telephone consulting would be provided by Seller. Franchisees benefit from complete training and marketing support and a franchise leadership team committed to long-term franchisee growth, so prior automotive experience is not necessary.

Market Competition and Expansion:

There is limited brand name competition in the area. The national franchise benefits from a high brand awareness, exceptional advertising and 60+ years of experience in providing training and support systems to franchisees that are geared towards business success. Benefit from strategic alliances on the supply side and effective advertising campaigns to maximize your business. Significant growth potential to an energetic entrepreneur through acquisition of multiple locations, as well as expanding car counts and diversification of services, including scheduled maintenance, tires, etc.

Reason for Selling:

Multi-location Seller wishes to downsize & retire.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise resale opportunity.

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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