Since 1998, this business has proudly provided fully serviced pre-owned vehicles to the residents of Brewerton and surrounding areas of New York. The business owner has a reputation for keeping integrity, trust, and respect at the cornerstone of his salesmanship, which goes a long way in the industry. The business offers financing through a few select lenders, but the large majority of customers are cash-buyers. With over $1million in gross revenues last year, it is clear that this business is a picture of success.
The modern facility that houses this business is an 1800 sqft. building equipped with a sales floor, manager’s office, 3 service bays, and a large paved parking area. There is a vehicle lift in 1 of 3 service bays, an air compressor, and cabinets lining the wall that are also included in the sale. The entire 5.3-acre lot is included in the sale price, along with an additional 2400sqft. storage building, a small 15x25 storage shed, and a 1500sqft. 3-bedroom 1.5-bathroom house.
This business has a Prime location in a high-traffic area, seated right off Route 11 which runs parallel to the main interstate (I-81). The business owner noted that as other car dealerships moved to the same street, his business revenues actually increased notably. Additionally, the business owner has an up-to-date website which has given the business a fantastic online presence.
The business has plenty of room for expansion on the 5.3 acres included in the sale. The business owner suggests adding more inventory and expanding the service department to increase top and bottom line profits. The business owner believes that with these changes, and more investment in advertising, the business could easily see $2-3 million in gross revenue.
Currently, the business has one owner who works full-time along with his wife and son. The business owner is willing to remain involved for a 3 month post-sale transition period to assist in any way, and would like to remain as a part-time consultant with the business after it's sold.
Asking Price $700,000
Profit Available On Request
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