Used Car Dealership - With Hard To Get Lease

Not Disclosed, NY
Queens County

Asking Price: Annual Revenue:
$795,000 $1,478,000

Automotive & Boats: Dealerships - Auto, Truck, Motorcycle

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RE: Used Car Dealership - With Hard To Get Lease Broker: Tony Torella

Quick Facts

Asking Price: $795,000
Annual Revenue: $1,478,000
Net Profit: Not Disclosed
Cash Flow: $365,000
Total Debt: Not Disclosed
FF&E: $4,000
Real Estate: Not Disclosed
Year Established: 2015
Employees: 3
BBN Listing #: 142843099
Broker Reference #: BBN-194320032

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Business Overview:

This used car dealership has one of the most desirable locations in Queens. And there are 6 years left on the lease, with an additional 5 year option. Most importantly, the business has the valuable Retail Used Car Dealer License.

In addition to selling late model cars, the dealership also has a revenue stream from the warranties and insurance policies they offer their customers.

This is a highly profitable business whose year to year revenue stream has grown significantly since it began operations in 2015. To illustrate:
2015 revenue (1120 tax return) - $184,953
2016 revenue (1120 tax return) - $379,808
2017 revenue (1120 tax return) - $834,961
2018 revenue (1120 tax return) - $997,399
2019 revenue (1120 tax return) - $1,414,498
2020 revenue (1120 tax return) - $1,478,000
2021 revenue (projection from P&L) - $1,900,000

On top of that the demand for late model used cars in this area of Queens continues to be strong and shows no signs of slowing down any time in the near future.

This dealership has a great reputation in this very busy community, as well as in the surrounding area. And, most importantly, the dealership comes with a valuable lease!

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

The dealership is in a stand alone building (1,000 square feet), surrounded by a 2,300 square feet lot.

Market Competition and Expansion:

Competition is not a major factor. And they are the only registered used car dealership in this very busy area of Queens.

Reason for Selling:

Moving Out Of State.

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.

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