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Package Of 2 Auto-Repair Franchise Locations New Jersey For Sale

Passaic County, New Jersey, US
Asking Price:
$1,198,000 Furniture / Fixtures included
Sales Revenue:
$2,000,000
Cash Flow:
$600,000

HS Listing ID-72080

Two Auto Repair Franchise Locations asking price: $599k per Location

Financial Overview

Combined Gross Revenue: $988k From Jan 2-July 24.

Monthly Gross Revenue Per Location: Approximately $80,000–$100,000

Estimated Net Income: Seller states approximately $25,000 net per location Monthly after franchise fees

Payroll: $10,200/mo · Rent: $13,000/mo · Franchise Fees: $3,380/mo
Electrical: $500/mo · Phone/Internet: $250/mo · Parts: 15% of monthly gross
Both locations monthly operating costs run the same or close to the same, per seller.

Seller Financing: Available
— 50% down payment and 2-year seller note on the balance, both per location.

Lease Terms: Both locations have approximately 15 years remaining

Occupancy Costs

Rent, Taxes & CAM: Approximately $156,000 annually

Larger facility with seasonal CAM fluctuations

Seller states second location is more profitable

Sale Structure

Businesses may be sold as:

Package Deal

Individually

Final valuation subject to financial verification and due diligence

Seller Financing:

Flexible terms discussed

Potential structures include:

3-year term

Up to 8-year term

Seller Objectives-Ideal closing target: within 30–60 days

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Property Information

Real Estate:

Lease

Lease Terms:

Flexible terms discussed

Potential structures include:

3-year term

Up to 8-year term

Leasehold Rent:

$156,000 per annum

Business Operation

Reasons for selling:

Other business interests.

Other Information

Support & training:

Yes.