Business Overview:
This car center (Rentals, Sales & Repair) is located in Central Jersey with easy access to New York City and Philadelphia, in a very desirable and visible location in Middlesex County. It’s well established auto Rentals, Sales and leasing Center that has been a part of Central Jersey community for over 20 years. While car dealerships are either struggling or closing, this business annual sales of $2,600,000 dollars and annual cash equity of $1,000,000 dollars. The business generates $1,040,000 in net profit. The gross sales of $3,600,000 dollars divided between annual sales of $2,600,000 dollars and annual cash equity of $1,000,000 dollars. The business generates $1,040,000 in net profit. The inventory has a fleet of over 400 vehicles valued at $3,400,000 dollars. With a smart improvement plan, this business has a tremendous potential for $3 to $4 million dollars in net profit. The facility has 10,000 square feet. The current owner is the landlord and can offer to the new owner a great lease of 10-year term. The facility has its own repair and maintenance garage. There is also a potential to add a detailing shop. There is really no competition that can slow the growth of this business because of its unique formula of doing business. Besides the dealership license, it has also a banking license and creates its own way to finance anyone on the spot with or without credit. The owner wishes to retire. This business is a true gold mine that simply has more business than the current staff can handle. This presents a tremendous potential for earnings and growth. Seller’s financing. Seller does not want any direct inquires. Contact Moise Jacques for information.
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:
10,000 square feet.
Market Competition and Expansion:
Competition
Unique formula of doing business. No competition can slow the growth of the business
Expansion
With a smart improvement plan, this business has a tremendous potential for $3 or $4 million dollars in net profit there is also a potential to add a detailing shop
Reason for Selling:
The owner wishes to retire
Additional Details:
- The property is owned.
- 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.