Tire and Auto Service w/ Gas Station Sublease - 31316

Union County, NJ

Seller Financing Available
Tire and Auto Service w/ Gas Station Sublease  - 31316
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Asking Price: Get Financing: $400,000

Cash Flow: $187,500

Gross Revenue: $700,000

EBITDA: N/A

FF&E: $150,000

Inventory: $20,000*

Established: N/A

*not included in asking price.

Tire and Auto Service w/ Gas Station Sublease - 31316

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Business Description

Tire and Auto Service w/ Gas Station Sublease - 31316

Tire and Auto Service w/ Gas Station Sublease. The current owner has been here since 1987. He worked for the previous owner and then took over when he retired. This is a large shop with 2,800 sq. ft. of space and 4 bays with 4 lifts. The sale includes all furniture, fixtures and equipment including a shop pick-up truck. There is an existing customer database of approx. 700-800 people. This is a turn -key shop that is ready for a new owner. In the past year the business grossed approx. $700,000.00 (approx. 85% auto repair and 15% tires) with a cash flow of approx. $187,500.00. There are 18 years left on the current lease at a total rent of $6,100/mth, but the main lease that you would assume includes a sub-lease for a branded gas station on the same property. That gas station sub-tenant pays half of the rent or $3,100/mth. When that lease ends you can extend it or take over the gas station operation as well. We are seeking a serious and financially qualified buyer with at least $280K in liquid funds to cover the downpayment, $6,200 in rent security and approx. $20K in inventory. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

Detailed Information

Inventory:
Not included in asking price
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
250,000.00 Down & $150K over 4 yrs. @ 6%.
Support & Training:
Yes
Reason for Selling:
Other
Business Website:
http://www.vestedbb.com
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(from currently available funds)
 
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Vested Business Brokers, Ltd

Business Listed By:
Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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