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Auto dealership for pre-owned vehicles located in central New Jersey and in a commercial area of Camden county. The facility consists of a large modern professional office with various sections to conduct daily business transactions. The site consists of large commercial property with an auto capacity for approximately one hundred & twenty-five (125) vehicles. This dealership in addition to bank relationships, offers in house financing for all its sales which represents an additional income to the business and a substantial return on investment. The company also owns all the vehicles resulting in the highest possible profit per vehicle. The company successful markets approximately sixty vehicles monthly representing a substantial profit to the owner operator. The dealership has three auto bays on site which maintains and repairs the vehicles. All the vehicles for sale have no-haggle pricing, which makes it easier to market each sale. When you visit their business, you will appreciate their professional car dealership and low-pressure car sales approach that provides all the vehicle specs and details on cars for sale. This business has ten employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $23,000. This business opportunity will offer a new commercial ten-year lease which will expire 09/01/2021, plus additional options, with a monthly rent of $4,500 triple net, cost per square foot is approximately $27.69 and rent security $4,500. The business is active six days per week, with hours from 9:00 am to 6:00 pm. The 2019 projected gross income is estimated at approximately $2,000,000, representing a substantial net income to the owner/operator. Accounts Receivables represent customer finance payments of approximately $48,000 monthly. Additionally, the company has 125 vehicles with an estimated value of $400,000. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a solid investment return to the owner operator prior to debt service. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this business opportunity.
The business is located on a highly active county road with various other commercial businesses. This opportunity is in Central New Jersey, Camden County, which consists of various highly populated communities with continued demand for low to mid-level vehicles sales. This modern retail facility which consist of approximately 1,950 square feet has a clean modern professional appearance. The business also consists of an active auto body shop that continues to expand each year.
The business presently has a limited marketing plan, poor web site and if improved can further develop the business bottom line net income. This auto dealership must also develop a system for internet sales which would substantially improve their position.
To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
The owner / seller is retiring from this industry due to family obligations.
The owner will remain post-closing to supply an appropriate transitional period to the new operator.
Financing is available to qualified buyers.
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