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Northern NJ Autobody Repair

Essex County, NJ

Northern NJ Autobody Repair
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Asking Price: $1,995,000

Cash Flow: N/A

Gross Revenue: $1,825,517

EBITDA: $230,143

FF&E: $168,750

Inventory: N/A

Real Estate: $625,000

Established: 1960

Northern NJ Autobody Repair

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Business Description

Package/business financials available after NDA/buyer proof of funds

The auto body shop is located in Northern NJ. This is a lucrative business that has been operated by the same ownership for over 20 years and was a long standing business prior to that. It is a business with deep roots in the surrounding and nearby communities. Residents' vehicles, company vehicles, and many of the local municipal vehicles are cared for out of this auto body shop. Ownership has created a solid and trusting relationship with the individuals it has served. This shop is a “direct repair shop” for insurance companies such as State Farm, All State, Selective and USAA and is a “referral shop” for NJ Manufactures Insurance. The business has been dedicated to taking the utmost care of it’s clients’ and the people that drive them. The business success is reflected in the steady annual sales numbers and strong profits. To directly reach the broker please email james.diorio@bhhsnj.com or call 201 696 5363.

Detailed Information

Location:
Essex County, NJ
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
2,744
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Real estate assets include a newly paved parking lot in 2014 and new vinyl siding installed in 2017. Additional assets purchased at a total of $168,750 include 2 Caroliner’s purchased in 1997 at $38,000 each, a Pro-spot welder purchased in 2007 at $16,000, SP-5 Welder purchased in 2016 at $11,000, sandblaster purchased in 1997 at $450, MIG welder purchased in 2010 at $800, Black Hawk pull post purchased in 1997 at $1,000, Spray Booth Heath UMT (weatherlight) purchased in 1996 at $25,000, and a heated pressure washer at $3,500
Competition:
The population within a one mile radius is 15,390 with an average household income of $129,635. The population within a three mile radius is 69,047 with an average household income of $157,032. The population within a five mile radius is 212,422 with an average household income of $158,043.
Support & Training:
Training- 30 days by current owner
Reason for Selling:
Retirement
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Business Listed By:
James2126965263 DiOrio

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