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Retail Tire Sales & Auto Repair
Location: United States -> New Jersey -> Union County
Industry: Auto Related > Auto Repair




Business Summary

Successful Tire sales & Auto repair company with a gross income of $663,703, plus discretionary income, and a net yearly income of $125,000. The company has an excellent location on a highly active state highway in Northern New Jersey. This twenty-year-old company has a substantial client base of dependable clients. The business income represents 50% tire sales and 50% general auto repairs. This company has six full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll is approximately $14,500. This business transaction will have a commercial lease which expires 2028-01-01 plus additional 10-year option, with a monthly rent of $3,000, and rent security of approximately $6,000. The business fixed assets has an estimated value of approximately $125,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped commercial retail auto repair shop. This successful auto tire business operation is active six days per week, with hours from 8:00 am to 5:00 pm. The business has been valued at a multiple of the net yearly income including the value of the specific business assets $395,000. Seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a 30% investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $663,703
Cash Flow:   $125,000
Cash Flow Type:  EBITDA
Inventory:  $125,000
Seller Financing:  Yes

About The Business

Year Established:  2006
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  The owner will remain post-closing to supply an appropriate transitional period to the new owner / operator.
Reason For Selling:  The sale is due to the owner is relocating out of the general area.

Photos

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Retail Tire Sales & Auto Repair Photo 1




Print Listing Id: 700326105
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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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