Specialty Auto - Essential Business - Real Estate

Not Disclosed, NJ
Hudson County


Asking Price: Annual Revenue:
$1,800,000 $521,253

Automotive & Boats: Auto & Truck Repair & Service


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RE: Specialty Auto - Essential Business - Real Estate Broker: Steve Zimmerman

Quick Facts

Asking Price: $1,800,000
Annual Revenue: $521,253
Net Profit: Not Disclosed
Cash Flow: $67,908
Total Debt: Not Disclosed
FF&E: $70,000
Real Estate: Not Disclosed
Year Established: 1989
Employees: 3
BBN Listing #: 454250121
Broker Reference #: 6301-869562

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Business Overview:

***Operating and Busy during COVID-19 pandemic***
***Profitable in 2020***

This specialty automotive business provides much needed services for all sizes of trucks and trailers. Established by the original owners in 1946, this shop services and repairs suspension systems on all types of trucks from pickups to over-the-road tractors and various large commercial trucks. The current owner purchased the business in 1989 and has kept it operating in the original location. The seller owns the building which is included in this sale. Located in Hudson County, the facility is Five Thousand square feet in total which includes a large shop that will accommodate up to three trucks, a stock room for parts, a break area and an office. The land is almost one-quarter of an acre which includes a three-bedroom house that is currently leased.

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Property Features and Assets:

Original owners established this business in 1946 in the same location.

Market Competition and Expansion:

Few strong competitors with a long standing reputation like Richmond.

Reason for Selling:

Retirement

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 not a franchise resale opportunity.

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