Pre Owned Car Dealership

Location: New Jersey

Industry: Automotive

Sold, this modern forty-year-old Auto business has been fully upgraded with a elegant image. The facility consists of a three thousand square foot facility with separate areas to conduct business. The business has a beautiful clean image designed for high production. Yearly gross sales of $4,770,000. The facility has multiple entrances with a five-car garage and substantial storage. This business is located on an active four lane highway with 28,000 vehicles that drive by daily. The business is located in northern New Jersey with numerous other businesses and close to Route 80 & 46. The business location consists of a 185-car lot with 250 feet of highway exposure. The owner purchases the vehicles from various auctions and the majority of the inventory is on a standard floor plan. This auto dealership markets an average of thirty vehicles weekly resulting in a stable net income. The owner had priced the sale based on the multiple of the net yearly income. Based on the asking price, required down payment and net income this business should supply a consistent return to the owner operator prior to debt service. Based on the details of the sale this transaction represents a safe business opportunity.