Retail - Automotive Dealers | Services - Auto Repair, Parts & Svcs

$Seller Financing Available

Asking Price	$295,000	Inventory	$75,000**
Gross Income	$1,340,000	Real Estate
Cash Flow	$124,000	Year Established	2005
FF&E	$40,000*	Employees	1

* included in the asking price

** not included in the asking price

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.

Facilities: 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.

Competition: No immediate competitors exist in this particular area.

Growth/Expansion: With improved marketing and a new web site this business can be further developed.

Seller Financing Available: Yes

Support/Training: Seller will provide a complete due diligence and transitional period.

Reason Selling: Relocation and separation