NOT DISCLOSED, New Jersey
| Asking Price |
$2,499,999 |
Year Established |
1959 |
|
| Annual Revenue |
$1,132,946 |
Reason for Selling |
The owner wishes to retire. |
|
| Annual P/L |
$0 |
Attention |
Brian Smith |
|
| Annual Cash Flow |
$371,034 |
Listing Number |
1018468 |
|
| # of Employees |
3 |
Business Category |
Automotive & Boats: Auto & Truck Repair & Service |
|
Business Overview:
Rare opportunity to acquire a highly regarded, long-established automotive repair business together with two adjacent real estate properties. The $2,499,999 asking price includes the operating business and both properties, with approximately $1,610,000 of the offering price allocated to the real estate.
This multi-generational business has built an exceptional reputation in the community, supported by outstanding online reviews, a loyal repeat customer base, and decades of successful operation. The company provides a range of automotive repair and maintenance services and has established itself as a trusted provider in the local market.
The real estate includes the property housing the automotive repair operation as well as an adjacent residential property. The properties also provide additional rental income, giving a buyer multiple income streams while owning the underlying real estate.
Located in a highly desirable Essex County market, this offering provides a unique combination of an established operating business, valuable real estate, rental income, and long-term ownership potential.
The business and both properties are being offered together as a complete package. Additional financial and property information will be provided to qualified buyers upon execution of a confidentiality agreement.
Property Features and Assets:
<p>The sale includes two adjacent real estate parcels, with approximately$1,610,000 of the total offering price allocated to the combined real estate.</p><p>The primary property houses the automotive repair operation and includes additional residential rental space. The adjacent property includes a residential rental unit, providing supplemental rental income in addition to the operating business.</p><p>The combined properties provide a buyer with ownership and control of the business location while also benefiting from additional rental income. The location has served the business successfully for many years and provides convenient access to a strong surrounding customer base.</p><p>Assets = $1,660,000</p>
Market Competition and Expansion:
<p>Significant opportunity exists to continue growing the business by expanding digital marketing, increasing fleet and commercial accounts, and adding additional service offerings. The business has historically relied heavily on its strong reputation, repeat customers, and word-of-mouth referrals, providing an opportunity for a new owner to implement a more proactive marketing strategy.</p><p>Additional growth may also come from maximizing shop capacity, extending operating hours, and further leveraging the company’s exceptional online reviews and established customer base.</p>
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity