Auto Parts Company Needs Partner

Middlesex County, NJ

Auto Parts Company Needs Partner

Asking Price:$300,000


Auto Parts Company Needs Partner

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Asset Sale Description

This distressed business is seeking a suitor. Everything went wrong during the recent recession and they can’t recover without a partner with serious cash. A 50-year old truck and heavy equipment parts company with an excellent reputation for customer service needs to get out from under about $300k of debt and tax liabilities to operate unencumbered. The mortgage on the building is in default and the bank will settle for about a third of the outstanding debt in a short sale. This is a perfect situation for the right investor who understands how to bring all the parties to the table, get them to compromise, and walk away with a viable parts company with a specialty niche.

Detailed Information

Standalone building with 5,700 sq. ft. of floor space with a 242 sq. ft. garage and a 3,390 sq. ft. basement. Parking on the street and in back of the building.
Support & Training:
Reason for Selling:
Financial Reasons

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Asset Sale Listed By:

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Sponsoring Broker:
Larry Bodner

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