Owner Financing is Available
Business for Sale Overview:
A used car dealership located in a prime, commercial area of Passaic County, New Jersey. The business has existed for many years and the present owner is retiring out of the industry and area. As a used auto dealer, the individual has a license to buy at auction any vehicles for inventory, which are then sold to the general public. This business acts as your local, friendly Dealer with great customer service and a well known reputation for repeat business. The Used Auto industry, as opposed to New Auto dealerships, has substantially increased in volume due to the current economic situation. The business produces annual sales above $1.3 Million with a substantial profit for the owner. The seller will train and provide financing to a new operator. This is an excellent opportunity to own a well established business.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Large facility is on a freestanding building and includes a waiting area for customers, private sales offices and an ample parking lot for auto viewing. An existing 4 year lease with additional options is available for transfer. The monthly rent is $2,500.
Market Competition and Expansion:
No immediate competitors exist in this particular area. With improved marketing and a new web site this business can be further developed.
Reason for Selling:
Relocation and separation
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.