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Lucrative Auto Body Business
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $364000
Net Profit / Cash Flow $85000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1967
Number of Employees 1 - 3
Inventory 185000 Equipment & 2000 Inventory
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training The seller will supply a 45 day transitional period, will remain post closing for an additional 60 days.
Reason for Sale The seller is retiring after many successful years in this auto industry.
Description Highly profitable auto body repair business in an active urban area of Passaic County, New Jersey. The business has been operating for over 25 years and established an excellent reputation in that time. This location is fully equipped with state of the art equipment for high volume production. The sale includes long term relationships with various businesses including numerous insurance companies that supply a consistent income. The business has a yearly income of $363,981 and a net income of $85,000. The shop is very spacious consisting of 2,880 square feet representing four car auto bays, indoor parking for eleven vehicles and additional exterior parking. The site is located minutes off Highway 80 and conveniently located to its customer base. The owner is retiring out of this industry after many successful years and will supply a long term lease at fair rental value and will offer an option to purchase the real estate. This is a solid opportunity to take over this successful business. The business is located on an active country road just off Highway 80 in Passaic County severing a large population who requires this auto service. The facility consists of 2,880 square feet, with a high production capacity including an indoor repair area for eleven vehicles. The facility has a modern professional appearance, with a private office and is fully equipped to conduct a high volume production. Monthly rent of $4,000.
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