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Listed by:

Regal Consulting Corp.

Auto Towing And Auto Body Co Hudson County For Sale

Hudson County, New Jersey, US
Asking Price:
$695,000 Inventory / Stock included
Sales Revenue:
$994,748
Cash Flow:
$100K - $250K

Fantastic opportunity for a forty-year-old successful urban Towing and auto body company in a highly popular area of Hudson County New Jersey. The owner is now retiring after forty years of consistent income. The company has valuable towing approvals-licenses with various municipal and county governments which are irreplaceable. They are an I-CAR Gold Class Shop and AAA Certified Repair Facility.

The company has valuable relationships with insurance company’s which refer much of the service. The towing company also has the appropriate licenses to conduct business. The company has a yearly gross income of $994,748. This company offers top-notch towing services and auto body repair.

They understand that unexpected breakdowns and accidents can happen at any time, which is why we offer 24/7 emergency towing services to ensure their customers the best of service. Their experienced and skilled tow truck drivers are equipped with the latest technology and equipment to ensure that your vehicle is towed safely and securely to its destination. In addition to towing services, they also offer roadside assistance to help you get back on the road quickly. Contact us today to learn more about this exciting business opportunity.

This is a dependable safe business opportunity, and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner-operators.

Property Information

Real Estate:

Lease

Lease Terms:

Lease and terms; this business transaction will offer a commercial lease which expires 2024-01-01, plus additional options available, with a monthly rent of $18,500, triple net, cost per square foot is approximately $42.00 and rent security will be required.

Leasehold Rent:

$222,000 per annum

Lease Rent:
$42 per sq ft per annum
Location:

This business opportunity is in north central New Jersey, Hudson County on a highly active county road. This business facility consists of approximately 6,200 square feet with a professional appearance. The business is in a free-standing retail facility conveniently location for its various customers. This Auto Body and Towing company operates out of a central facility where they store their equipment and vehicles. This facility also serves as a base for dispatching tow trucks to customer locations. Additionally, towing companies have impounded lots where they store vehicles that have been towed.

Size in square feet:
6,200

Business Operation

Expansion Potential:

Regarding growth and expansion, the company can be further developed by accepting the demands for towing and improving the local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.

Competition / Market:

Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business due to the unavailable restricted licenses. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Reasons for selling:

The purpose of this business transaction is due to the owner retirement after many years of success in this particular industry.

Trading hours:

Days Hours of operation; this business is active five- & one-half days per week, closed Sunday with hours from 8:00 am to 5:30 pm.

Employees:
Regarding employees and payroll; this auto body and towing company consist of eight employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and weekly base salary, and the staff is fully expected to remain post-closing.
Years established:
1970

Other Information

Support & training:

Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

owner financing is available for this transaction to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Furniture / Fixtures value:
$350,000
Inventory / Stock value:
$20,000 - included in the asking price