Burlington County, NJ
$599,000
Auto Repair and Service Shops For Sale in New Jersey
Market Info
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Established Auto Repair Business and Gas Station
REAL ESTATE INCLUDED
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$2,500,000
Successful Auto Repair Shop For Sale
Middlesex County, NJ
$974,900
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Real EstateAuto Repair Shop + Vacant Land + Single Family House = A+ Opportunity
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FranchiseMeineke Car Care Centers
Available in New Jersey
$110,000
Buy or Sell an Auto Repair Business in New Jersey
Auto repair, automotive maintenance, and auto body shops are always in demand. Even as automotive technology advances, cars will always need repair, service, and maintenance.
If you are looking to buy or sell an auto repair or service shop business in New Jersey, it is important to have some context on pricing, valuation, and financial performance of these businesses. Below we have aggregated listing data from New Jersey, surfaced key financial metrics, and derived valuation multiples.
For in-depth valuation data, see:
Auto Repair & Service Business Valuation Benchmarks.
Market Overview
|
Number of Businesses Analyzed |
37 |
|
Median Asking Price |
$424,750 |
|
Median Reported Revenue |
$704,927 |
|
Median Reported Earnings |
$180,457 |
|
Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings. |
|
New Jersey Auto Repair and Service Business Valuation Multiples
|
Range |
Revenue |
Earnings (SDE) |
|
Lower Quartile |
0.34 |
1.61 |
|
Median |
0.60 |
2.25 |
|
Upper Quartile |
1.00 |
2.64 |
|
Revenue and earnings multiples based on reported revenue, seller's discretionary earnings, and asking price. |
||
FAQs
How much does it cost to buy an auto repair and service shop in New Jersey?
Prices vary depending on shop size and financial performance, but the median asking price for an automotive repair and service business in New Jersey is approximately $424,750.
How much do auto repair shop owners earn?
On average, auto repair business owners in New Jersey report median annual sales of $704,927 and annual owner earnings of $180,457. These figures are based on businesses that have listed their annual revenue and seller's discretionary earnings.
How do I value an auto repair and service business?
Valuing an auto repair business involves considering several factors, including annual revenue, profit, shop size, and services provided. Brokers, business owners, and business buyers will typically rely on valuation multiples to gauge business value relative to similar businesses in the market. Auto repair and service business revenue multiples in New Jersey typically range from 0.34 to 1.00, with the median at 0.60. Earnings multiples range from 1.61 to 2.64, with the median at 2.25. These values suggest a typical auto repair business in New Jersey will sell for around 0.60 times its annual revenue, and 2.25 times its annual owner’s earnings.
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