Business Summary:
Pre Owned Auto Dealership business located on a highly
traffic and active county road in Bergen County, Northern,
New Jersey. This business has a state issued license which
allows the resale of pre owned automobiles. This Auto
business license also permits the user to purchase
vehicles at various auctions at competitive prices. The
business site can accommodate 100 vehicles with a 300 foot
highway frontage and lots of drive by traffic. The facility has
a professional image, is clean modern and consists of
multiple private offices and a one bay garage. The business
has a high gross income with average sales of twelve
vehicles monthly and most sales represent a minimum
$2,000 net profit. This successful business has existed for
many years and the present owner is retiring. This business
has a solid reputation with wonderful customer service and a
well known reputation for repeat business. The Pre Owned
Auto industry has substantially increased due to the
economy, more customers cannot afford a new vehicle and
desire to purchase a lower priced pre owned automobile.
The sale includes a POS computer system, auto tools, desks
and furniture. The facility has a legal capacity for 100 vehicles
and 20 customers. Private parking for 100 vehicles is
available at this location and part of the lease. The business
is active six days per week, closed Sunday hours 9:30 am to
6:00 pm. The business has a NJ State issued Auto dealers
license which permits the sale of Pre Owned vehicles to the
general public. The sale includes a 10 year lease agreement
with a monthly rent of $6,000 triple net. The Tenant
responsible for all public utilities including real estate taxes. The business has annual sales of $950,000 representing a minimum $80,000 net yearly income. The seller is the landlord and will supply a long term lease and option to purchase the real estate.
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