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Auto Parts & Repair Center for sale in Hudson County, NJ

Hudson County, New Jersey (NJ)

Asking Price: Gross: Cash Flow:
$ 375,000 $ 930,121 $ 140,000

Furniture and Fixtures Value:
$ 175,000 (included in the asking price)

Business Summary:
Highly successful business opportunity for this lucrative retail auto parts and repair center located in an active urban commercial area of Northern New Jersey Hudson County. This business offers quality products from Continental, General and Toyo and provides wonderful service to its many customers. Their service department specializes in performance parts, tire installation and diagnostics. Since 1997, this auto retail shop has been providing top quality auto parts to the public. The business sells tires, rims, and specialized performance accessories to the public. The business also offers a full-service menu of auto repairs with a substantial markup for the current owner. Tire & Rim Parts sales account for 35% of the business, general auto repairs account for 65% retail sales represents the remaining income. This business has eight employees who are unaware of the pending sale and expected to remain post-closing, monthly payroll is approximately $10,500. The business has an assignable commercial lease which expires 2024 with a monthly rent of $3,300, cost per square foot is $10.00 and rent security $6,400. The price has been set at $375,000 based a multiple of the net yearly income and the value of the assets. The present owner is relocating and will provide financing to a qualified purchaser with an appropriate down payment. The sale of this business is confidential, and all viewings are by appointment only. Photo may not represent this particular business.

 

   
Year Business was Established: 1997
   
Number of Employees: 8  
   
Facilities / Terms of Lease: The business is located in a densely populated urban area of Hudson County, New Jersey with a substantial demand for this particular service. The facility is on a commercial avenue which consists of 4,000 square feet with rear parking. The entrance is a showroom for tires, rims and wheels and the rear is a large garage for repair. The garage is fully equipped with 3 lifts and alignment equipment and all equipment in the business is in excellent working condition.  
   
Potential Growth/Expansion: With an improved marketing plan and internet sales, the business can experience an increase of the gross sales.  
   
Competition: The seller will supply a five year, five miles non-compete agreement and no other auto store and repair business is nearby this business facility.  
   
Owner willing to finance: Is available to a qualified buyer with an appropriate down payment.  
   
Owner willing to train: The seller will remain post closing and supply a full transitional period.  
   
Reason for selling: The owner is relocating into an alternative industry out of the area.  
   
Seller Reference Number: AUTO267
BusinessMart.com Listing Number: 245822
 

 

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For more info contact:

Ronald Cervelli

Regal Consulting Corp.
973-837-0808

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