875 Broadway Newark, NJ 07104

Property Details for 875 Broadway

Construction

BRICK

Lot size

0.09 lot acres

Property type

Commercial real estate

APN

14 00832-0000-00002

APU

1400832000000002

Description

This exceptional opportunity presents a well-established autobody collision repair business located at 875 Broadway, Newark, NJ, 07104, in Essex County. Boasting a 40-year history operating as "Body Master," this turnkey operation is being offered for sale due to the owner's retirement. The 4,500 square foot facility includes a comfortable office space, two bathrooms, and a spacious garage bay equipped with radiant heat for optimal working conditions year-round. The business comes complete with a comprehensive suite of high-quality equipment, including a Down Draft Sigma Spray Booth, a Chief Easy Liner-Frame Machine, a Miller Spot Welder, a Paint Mixing System, Jacks Mills, a Mohawk Lift, and a powerful 10-horsepower compressor housed in the basement. Currently employing five skilled technicians, the business enjoys a loyal customer base and a proven track record of profitability. All necessary licenses and permits are in place, ensuring a smooth transition for the new owner. The lease terms are negotiable, and the seller is open to financing options, including potentially holding a portion of the mortgage. This represents a rare chance to acquire a profitable, established business with significant growth potential in a desirable location. The asking price for this exceptional opportunity is $1,300,000.