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. 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. 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 is in a free standing commercial facility which consists of 1,550 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 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 $1,064,200 and the business has a substantial yearly net income based on an owner operator and prior to any debt service. Also, available based on an adjusted price is interest income from previously sold vehicles of approximately $25,000 monthly. The business has been valued at $595,000 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 confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this business opportunity.

Posted Oct 31, 2016

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