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Auto Shop In Monmouth County For Sale

Monmouth County, New Jersey
Asking Price:
$660,000 (USD)
Turnover:
$1,462,000 (USD)
Net Profit:
$250,000 (USD)

A 25-year-old auto body and paint shop located in Monmouth County, New Jersey is available for purchase. This is a high-volume, franchised business whose sales and profits have increased in nine of the last ten years and which constantly outperforms other franchisees in the chain. The company owes much of its growth to fleet sales and is now the exclusive vendor for 15 major corporation regional fleets. Shortly after acquiring this business nine years ago, the current owner eliminated all nonprofitable jobs and focused instead on building the higher margin fleet business and he continues to do so. Franchisor advertising, social media and reduced paint costs (franchisor supplied) contribute to the growth and profits. In fact, it can compete favorably with any auto body and paint shop in the county. Adding street-level advertising to pull in more retail and adding a second shift will take this business to a new level. Owner planning to retire.

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Business Operation

Reasons for selling:

Retiring

Employees:
9/1
Years established:
2010

Other Information

Support & training:

Yes

Furniture / Fixtures value:
$210,000 (USD)
Inventory / Stock value:
$8,000 (USD)

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