Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
Broker Contact Form
Name

Email

Phone

Comment


Pre-Owned Auto Dealership
(Automotive )
Camden County , NJ
Listed Price: $ 375,000
Listing ID: AUTO266

Listing DetailsGross Revenue: $ 1,400,000
Cash Flow: $ 150,000
FFE: $ 80,000 (Included in Price)
Reason for Sale:

The owner is retiring from this industry due to family obligations.


Training & Support:

The owner will remain post-closing to supply an appropriate transitional period to the new operator.


OperationsNon-owner Payroll: $ 23,000
Employees: 10
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 4500
Monthly Rent: $ 4,500
Square Footage: 1950
Facilities:


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.


SummaryBusiness Description:
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 2019 projected gross income for auto sales is estimated at approximately $1,400,000, representing a net income to the owner/operator of approximately $150,000 which includes seller discretionary income. Accounts Receivables presently of $600,000, and seller will finance this at 25% down. The business also includes an auto body repair division that generates a net income of approximately $100,000. 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. 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.

 


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.


Potential Growth:

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.


Financing/Terms:


May be available to a qualified buyer.