Off Market
Off Market
Full Service Automotive Repair Shop
$350,000
Morris County, NJ
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Gross Revenue
$722,028
Owner's Cash Flow
$117,843
Min Down Payment
$70,000
Employees
3 FT
Business Summary
With 28 years of experience, the owner has trained a crew of technicians and mechanics to be experts in their fields and how to treat customers with respect and fairness. His employees have a combined 50+ years of experience and have been instrumental in the continued success of the business. The shop has now grown into a well oiled machine itself, grossing an average of over $700,000 in annual revenue over the last four years, with a solid cash flow to the owner. After an almost 30-year run in the automotive repair industry, the owner is looking to call it a day. The owner and their family own the property and would structure a favorable long-term lease with the new owner.
Key Highlights
Year established
1994
Real estate
Owned will sell or lease
Real estate asking price
$1,150,000
Reason for selling
After a long career in the automotive industry spanning 27 years, the owner is ready to enjoy some much deserved retirement.
Support and training
The owner is willing to stay on for 1-3 months to help introduce the buyer to key clientele, the employees, and the operations of the business.
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Consolidated Cashflow
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2020 | 2021 | 2022 | |
---|---|---|---|
Gross Revenue | $75 | $8,758 | $3,481 |
COGS | $2,653 | $3,351 | $778 |
Gross Income | ($2,578) | $5,407 | $2,703 |
Operating Expenses | $1,616 | $108 | $347 |
Operating Incomes | ($4,194) | $5,299 | $2,356 |
Net Other Income (Expenses) | ($1,597) | ($9,133) | ($9,995) |
Net Income | ($5,791) | ($3,834) | ($7,639) |
Interest | $2,955 | $4,214 | $4,092 |
Depreciation | $7,270 | $5,964 | $185 |
Amortization | $4,174 | $8,330 | $889 |
EBITDA | $8,608 | $14,674 | ($2,473) |
Add-backs | $68,097 | $62,518 | $70,750 |
Owner's Cash Flow | $76,705 | $77,192 | $68,277 |
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