Download PDF

Pre-Owned Auto Dealership
(Automotive )
Camden County , NJ
Listed Price: $ 575,000
Listing ID: AUTO251

Listing DetailsGross Revenue: $ 1,691,820
Cash Flow: $ 236,317
FFE: $ 280,000 (Included in Price)
Inventory: $ 450,000
Reason for Sale:

The owner / seller 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.


OperationsYear Established: 1999
Days & Hours of Operation: Mon.-Sat. 9am-6pm
Non-owner Payroll: $ 8,000
Employees: 5
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 10000
Monthly Rent: $ 8,200
Square Footage: 1550
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 1,550 square feet has a clean modern professional appearance.


SummaryBusiness Description:

Auto dealership for pre-owned vehicles 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 three and one-half acres with an auto capacity for approximately four hundred (400) vehicles. This dealership in addition to bank relationships, offers in house financing for all its sales which represents an additional income to the business and a substantial return on investment. The company also owns all the vehicles resulting in the highest possible profit per vehicle. The company successful markets approximately fifty 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 five employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $8,000. This business opportunity will offer a new commercial ten-year lease which will expire 2026-01-01, plus additional options, with a monthly rent of $8,200 triple net, cost per square foot is approximately $11.00 and rent security $10,000. The business assets have an estimated value of approximately $280,000. 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. 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 municipality and the required state and city licenses to conduct its day to day business. The business has been valued at $575,000 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. Accounts Receivables represent customer finance payments of approximately $450,000. Additionally, the company has 125 vehicles with a value of $450,000. 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. 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:

Is available to a qualified buyer with an appropriate down payment.