Business Summary:
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.
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| Year
Business was Established: 2005 |
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| Number of Employees:
1 |
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| Facilities / Terms of Lease:
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. An existing 4 year lease with additional options is available for transfer. The monthly rent is $2,500. |
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| Potential
Growth/Expansion:
With improved marketing and a new web site this business can be further developed. |
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| Competition:
immediate competitors exist in this particular area. |
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| Owner
willing to finance:
Seller financing is available |
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| Owner
willing to train:
Seller will provide a complete due diligence and transitional period. |
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| Reason for selling:
Relocation and separation |
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Seller Reference Number: AUTO108
BusinessMart.com Listing Number: 70171 |
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