Pre-Owned Auto Dealership

Camden County, NJ

Seller Financing Available
Pre-Owned Auto Dealership

Asking Price:$950,000

Cash Flow:N/A

Gross Revenue:$1,350,000





*not included in asking price.

Pre-Owned Auto Dealership

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Business Description

Highly profitable pre-owned auto dealership located in central New Jersey and in the county of Camden. The facility consists of a large modern professional office with various sections to conduct daily business transactions. The site consists of three and one half acres with an auto capacity for four hundred (400) vehicles. This particular dealership in addition to bank relationships, offers financing for all of its sales which represents an additional income to the business and a substantial return on investment. The company also owns all of its vehicles resulting the highest possible profit per vehicle. The company successful markets approximately forty vehicles monthly representing a substantial profit to the owner operator. The dealership has three vehicle auto bays on site which maintains and repairs the vehicles. All of the vehicles for sale have no-haggle pricing, which makes it easier to market each sale. When you visit their used car lots, you will appreciate their professional car dealerships and low-pressure car sales approach that provides all the vehicle specs and details on cars for sale. The business assets have an estimated value of approximately $220,000. The sale consists of a fully equipped commercial facility, which includes, auto bays and equipment, POS software, displays, shelving, tables, computers, other software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This particular business has fifteen employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $14,000. This business opportunity will offer a new commercial ten-year lease which will expire 2025-01-01, plus additional options, with a monthly rent of $8,300 triple net and rent security $10,000. The business is located in a free standing commercial facility which consists of 1,500 square feet, plus a separate three car garage, on 3 ½ acres and has a capacity for approximately four hundred vehicles. The facility has substantial private parking on site as part of the commercial lease. The business is active six days per week, with hours from 9:00 am to 6:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state and city licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a solid investment return to the owner operator prior to debt service. The 2015 yearly gross income is $1,350,000 and the business has a substantial yearly net income based on an owner operator and prior to debt service. The business has been valued at $950,000 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. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

Detailed Information

Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
The business is located on a highly active county road with various other commercial businesses. This opportunity is located in Central New Jersey, Camden County, which consists of various highly populated communities with continued demand for low end to mid-level vehicles. This modern retail facility which consist of 1,550 square feet has a clean modern professional appearance.
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.
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.
Seller financing is available to qualified buyers.
Support & Training:
The owner will remain post-closing in order to supply an appropriate transitional period to the new operator.
Reason for Selling:
The owner / seller is retiring from this industry due to family opportunities.

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Ron Cervelli

Business Listed By:
Ron Cervelli

Regal Consulting Corp.

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