Used Car Lot In Smithown-Renovated

Smithtown, NY
Suffolk County

Asking Price: Annual Revenue:
$200,000 $4,900,000

Automotive & Boats: Dealerships - Auto, Truck, Motorcycle

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RE: Used Car Lot In Smithown-Renovated Broker: Ziggy M.

Quick Facts

Asking Price: $200,000
Annual Revenue: $4,900,000
Net Profit: Not Disclosed
Cash Flow: $150,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $850,000
Year Established: 2018
Employees: 3
BBN Listing #: 893349666
Broker Reference #: 22601

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Business Overview:

Totally Renovated Used Car Lot.
This is a totally renovated used car lot that Suffolk County, New York. It is located on a very busy main road with residential and commercial traffic. The seller is going back to school and has priced it for a quick transaction.

Indoor Showroom And Outdoor Lot.
There is a 5,000 square foot indoor showroom and room to put another 40 cars in the outdoor lot. The seller currently usually keeps a total of 55 cars on the lot.

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Property Features and Assets:

The rent is cheap at $5,700 all-in and there are 13 years remaining on the lease. Contact Broker Today. Monthly Rent: $5,700 Lease Ends: 2035-01-02 Area: 5,000 sq/ft Building Type: attached Terms and Options: 3%

Market Competition and Expansion:

There are options to add: Lifts could be added to space. A spray booth can also be added to this space.

Reason for Selling:

Going back to school.

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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