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#Business ID: 20181

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High Volume Auto Body Shop & Property

Business Location: New Jersey, United States

Asking Price: $ 1,200,000 Revenue: $ 646,569 Cash Flow: $ 151,539

Business Summary

Well established (20yrs) and well known auto repair/body shop on main thoroughfare in moderate income town. Is on the approved list for two major insurance companies and has long standing relationships with major car dealerships in the area. Turnkey operation with working space for up to 8 cars and upstairs office. Equipment includes two spray booths, infrared lights for drying, frame machine, laser measuring system, vacuum system, computer system, active website and more. Valuable used car license included. On site partner working only two days a week and is retiring. Major opportunity to raise revenue back to previous levels. Option to buy real estate. Wages adjusted $30,000 for owner operator. Financials supported by Tax Return. The purchase price includes the business offered at $350,000 (fixtures and equipment valued at $65,000 plus inventory), and property, valued at $850,000. Owner will accept a down payment of $300,000 and finance the 900,000 balance for qualified buyers.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Additional Details:

The property is owned.
This is not a home based business opportunity.
This is not a franchise resale opportunity.

Property Details

Years Established:

1993

Property Type:

Lease

FF&E:

$ 65,000

Real Estate Value:

$ 850,000

Business Operation Details

Employees:

4

Support & Training:

The owner is not willing to train/ assist the new owner.

Miscellaneous Details

Financing Available:

Yes
Seller note terms negotiable.

Reason For Selling:

Partner retiring.

Contact this seller

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