Services - Auto Repair, Parts & Svcs

$Seller Financing Available

Asking Price	$340,000	Inventory	$10,000*
Gross Income	$683,069	Real Estate
Cash Flow	$107,291	Year Established	1977
FF&E	$65,000*	Employees	5

* included in the asking price

** not included in the asking price

Expand Solid Transmission Repair Business With Owner Help

This Automotive Transmission and General Repair Company has been in the area since 1977 and has an excellent reputation for quality service and high value. They are located on a major highway and have excellent access to the Garden State Parkway, New Jersey Turnpike, and Route 287. They have many repeat customers including townships, police departments, and the postal service. The owner and three experienced technicians provide excellent transmission diagnostics and have many years of experience. The eight high quality lifts, fully equiped service and repair workshop and tools and parts areas provide an excellent environment for high quality work and efficiency. The equipment has a market value of about $65,000 and there is a parts inventory valued at $10,000. The company also has an air conditioning and repair and service business with new equipment. They also are expanding their general automotive repair service. The office has two desks and computers and the customer lounge is well appointed and comfortable. The owner is retiring, but will provide a few months training and then will continue on a part time basis if the new owner wishes, as negotiated. Note that in early 2006 s service manager who had been hired to provide some time off for the owner retired in early 2009. Without the service manager the cash flow for the business in 2008 would have been $60,000 higher. This reduced cost will carry into 2009.

Facilities: In the building which will be leased, there are seven 9000 # and one 12,500 # Mohawk above ground lifts. A repair shop and stylish office and customer waiting area are also on the 4350 sq. ft. ground floor with a 1200 sq. ft loft above for storage or work space. The inventory of parts is valued at $10,000 and the equpiment at $65,000. There is a customer waiting area with 8 chairs and a table and the office has two desks.

Competition: The business is in a prime location in central New Jersey with easy access to the Garden State Parkway, Route 287 and the New Jersey Parkway. The customer base is quite loyal, and there is limited competition in the area. The area includes major towns, two major corporations, and many businesses and residential areas.

Growth/Expansion: The owner believes that expansion of the general repair and air conditioning service can be added to the transmission business to provide growth.

Seller Financing Available: Yes

Financing: $240,000 over 3 years at 6% interest

Support/Training: The owner will stay for a number of month to provide training, customer introductions and diagnostic help as required. The first months will be at no cost.. After that the owner is willing to stay on part time to assist the new ower as negotiated.

Reason Selling: The owner is retiring.