Hudson County, NJ
Automotive and Boat Businesses in NJ For Sale
No Brand Gas Station with Mechanic Shop and Smoke Shop
Truck collision repair facility
Newark, NJ
Terrific Quick Lube
Middlesex County, NJ
Flex Car Wash & Lube with Land
REAL ESTATE INCLUDED
Camden County, NJ
Profitable Auto Transmission & General Auto Repair Service
Burlington County, NJ
Express Exterior Car Wash with Land
REAL ESTATE INCLUDED
Camden County, NJ
Branded Gas Station with Convenience Store
Old Bridge, NJ
Buy or Sell an Automotive and Boat Business in New Jersey
Some automotive and boat businesses for sale specialize in retail, while others focus on providing services like repairs and maintenance, and still others offer a combination of both. From auto repair shops and car washes to towing companies, truck stops, and gas stations, the businesses in the automotive sector keep consumers moving. The auto repair and maintenance industry is bouncing back from 2020 pandemic related disruptions. The auto industry accounts for 3% of GDP for the U.S. and employs over 1.7 million people. This sector is expected to expand by over 5% during the next decade. With projected growth in both marine and automotive repair industries, businesses in these sectors may be good investments. One of the primary advantages of buying an existing automotive or boat business is that it comes with established credibility in the market.
| Market Overview | Listings for Sale (Median) |
|---|---|
| Number of Businesses Analyzed | 60 |
| Asking Price | $775,000 |
| Reported Revenue | $743,000 |
| Reported Seller's Discretionary Earnings | $185,000 |
Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings.
Asking Price
| Lower Quartile | Median | Upper Quartile |
|---|---|---|
| $266,250 | $775,000 | $1,425,000 |
Market Financial Highlights
The financial data presented here is an aggregation of reported revenue and earnings of Automotive and Boat Businesses for sale in New Jersey.
| Bound | Revenue | Seller’s Discretionary Earnings |
|---|---|---|
| Lower Quartile | $408,110 | $82,500 |
| Median | $743,000 | $185,000 |
| Upper Quartile | $1,918,858 | $309,331 |
Valuation Multiples
The valuation multiples listed below are derived from asking price, revenue, and seller's discretionary earnings of Automotive and Boat Businesses listed for sale in New Jersey.
| Bound | Revenue Multiple | Earnings Multiple |
|---|---|---|
| Lower Quartile | 0.41 | 2.07 |
| Median | 0.99 | 2.94 |
| Upper Quartile | 2.14 | 5.89 |
FAQ's
How much does it cost to buy an Automotive and Boat Business in New Jersey?
The median asking price for an established Automotive and Boat Business in New Jersey is $775,000, though prices range from under $266,250 to well over $1,425,000.
How much do Automotive and Boat Businesses owners in New Jersey earn?
The median reported revenue of Automotive and Boat Businesses in New Jersey is $743,000 and owners earn a median of $185,000, which includes the owners salary and any other financial benefits they receive.
How do I value an Automotive and Boat Business?
Valuing a business is a complex process, but buyers and sellers often turn to the local market to understand how businesses are priced. Based on our most recent analysis of Automotive and Boat Businesses in New Jersey, revenue multiples range from 0.41 to 2.14, with a median of 0.99. Earning multiples range from 2.07 to 5.89, with the median at 2.94. This means the typical Automotive and Boat Business in New Jersey may ask for around 0.99 times its annual revenue, and 2.94 times its annual owner earnings.
More for Business Owners
Create an Owner AccountSell Your BusinessFind a Business BrokerLearn About Selling a BusinessMore for Business Buyers
Create a Buyer AccountLearn About Buying BusinessesGet BizBuySell Edge
