Passaic Used Car Dealership With Excellent Reputation For Sale

Business description

A used car dealership 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.

Property information

Real Estate:

Lease

Lease terms:

An existing 4 year lease with additional options is available for transfer. The monthly rent is $2,500.

Leasehold rent:

$30,000 per annum

Location:

Large facility is on a freestanding building and includes a waiting area for customers, private sales offices and an ample parking lot for auto viewing.

Other information

Expansion potential:

With improved marketing and a new web site this business can be further developed.

Competition / Market:

No immediate competitors exist in this particular area.

Support & training:

Seller will provide a complete due diligence and transitional period.

Reasons for selling:

Relocation and separation

Trading hours:

Monday thru Saturday
10:00 am to 6:00 pm

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller financing is available

Furniture / Fixtures value:

$40,000 (included in the asking price)

Inventory / Stock value:

$75,000