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Tire & Auto Service With Gas Station Sublease
Location: United States -> New Jersey -> Somerset County
Industry: Auto Related > Auto Repair




Business Summary

Tire and Auto Service w/ Gas Station Sublease. The current owner has been here since 1987. He worked for the previous owner and then took over when he retired. This is a large shop with 2,800 sq. ft. of space and 4 bays with 4 lifts. The sale includes all furniture, fixtures and equipment including a shop pick-up truck. There is an existing customer database of approx. 700-800 people. This is a turn -key shop that is ready for a new owner. In the past year the business grossed approx. $700,000.00 (approx. 85% auto repair and 15% tires) with a cash flow of approx. $187,500.00. There are 18 years left on the current lease at a total rent of $6,100/mth, but the main lease that you would assume includes a sub-lease for a branded gas station on the same property. That gas station sub-tenant pays half of the rent or $3,100/mth. When that lease ends you can extend it or take over the gas station operation as well.

We are seeking a serious and financially qualified buyer with at least $280K in liquid funds to cover the downpayment, $6,200 in rent security and approx. $20K in inventory. To learn more, please call or email Mel Vaz today at 631-909-1095 or ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $700,000
Cash Flow:   $187,500
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2009
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Yes
Reason For Selling:  Other

Photos

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Tire & Auto Service With Gas Station Sublease Photo 1




Print Listing Id: 700322666
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Related Searches: Auto Dealers  >  Auto Parts Retail and Distribution  >  Auto Rental  >  Auto Repair  >  Car Wash  >  Gas Station  >  Other Auto Related  > 

Also See: Franchise Opportunities > Franchise Resales > New Jersey Businesses For Sale > New Jersey Franchises For Sale > New Jersey Business Brokers



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