Used Car Dealership With Excellent Reputation
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $1340000
Net Profit / Cash Flow $124000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2005
Number of Employees 1 - 3
Inventory $40,000 equipment only.
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will provide a complete due diligence and transitional period.
Reason for Sale Relocation and separation.
Description A used car dealership for sale, located in a prime, commercial area of Passaic County, New Jersey. The business has existed for many years and the present owner is retiring out of the industry and area. As a used auto dealer, the individual has a license to buy at auction any vehicles for inventory, which are then sold to the general public. This business acts as your local, friendly Dealer with great customer service and a well known reputation for repeat business. The Used Auto industry, as opposed to New Auto dealerships, has substantially increased in volume due to the current economic situation. The business produces annual sales above $1.3 Million Dollars with a substantial profit for the owner. The seller will train and provide financing to a new operator. This is an excellent opportunity to own a well established business.
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