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Businesses For Sale > Business For Sale in Camden County, New Jersey (NJ)

Pre-Owned Auto Dealership for sale in Camden County, NJ

Camden County, New Jersey (NJ)

Asking Price: Gross: Cash Flow:
$ 375,000 $ 1,400,000 $ 150,000

Furniture and Fixtures Value:
$ 80,000 (included in the asking price)

Business Summary:
Pre-owned auto dealership for pre-owned located in central New Jersey and in a commercial area of Camden county. The facility consists of a large modern professional office with various sections to conduct daily business transactions. The site consists of large commercial property with an auto capacity for approximately one hundred (100) vehicles. This dealership in addition to bank relationships, offers in house financing for all its sales which represents an additional income to the business. The company also owns all the vehicles resulting in the highest possible profit per vehicle. The company successfully markets approximately sixty vehicles monthly representing a substantial profit to the owner operator. The dealership has three auto bays on site which maintains and repairs the vehicles. All the vehicles for sale have no-haggle pricing, which makes it easier to market each sale. When you visit their business, you will appreciate their professional car dealership and low-pressure car sales approach that provides all the vehicle specs and details on cars for sale. This business has ten employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $23,000. This business opportunity will offer a new commercial ten-year lease which will expire 09/01/2021, plus additional options, with a monthly rent of $4,500 triple net, cost per square foot is approximately $27.69 and rent security $4,500. The business has been valued at $375,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. The company has approximately 80 vehicles valued at approximately $2,500 each. This is a dependable business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this business opportunity.

 

   
Number of Employees: 10  
   
Facilities / Terms of Lease: The business is located on a highly active county road with various other commercial businesses. This opportunity is in Central New Jersey, Camden County, which consists of various highly populated communities with continued demand for low to mid-level vehicles sales. This modern retail facility which consist of approximately 1,950 square feet has a clean modern professional appearance. The business also consists of an active auto body shop that continues to expand each year.  
   
Potential Growth/Expansion: The business presently has a limited marketing plan, poor web site and if improved can further develop the business bottom line net income. This auto dealership must also develop a system for internet sales which would substantially improve their position.  
   
Competition: To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.  
   
Owner willing to finance: Available to a qualified buyer.  
   
Owner willing to train: The owner will remain post-closing to supply an appropriate transitional period to the new operator.  
   
Reason for selling: The owner is retiring from this industry due to family obligations.  
   
Seller Reference Number: AUTO269
BusinessMart.com Listing Number: 246603
 

 

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For more info contact:

Ronald Cervelli

Regal Consulting Corp.
973-837-0808

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