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Listing Number: 2246

Auto Dealership Business for Broker in Morris County, New Jersey

Business:Auto Dealership Business for Broker
County, State: Morris County, New Jersey
Business Type: Automotive Dealers/ Auto Retail

Summary Description

This used auto dealership in northern New Jersey has an excellent location on the busiest main street in a nice suburban neighborhood, and it sells a lot of cars. The business is well-established in the area and is very profitable. Everything is set-up for a new owner to take over and earn a great income. All computer systems are in place, as are well-established bank lines and relationships for providing car-financing. The building and lot have been fully renovated within the past few years. The business has a long lease with a long option to renew, and all licenses are in place. There is also currently around $30,000 cash in bank reserves for auto loans that is included in the asking price and will stay with the business when a new owner comes in. The used auto business can be extremely lucrative, and this is no exception. If you're looking to make a lot of money selling cars, take a closer look at this dealership.

About the Sale

Asking price: $330,000 (USD)

Financing: $264,000 down and balance @ 8% over 2 years

Total Revenues: $2,200,000 (USD)

Cash Flow: $153,852 (USD)

Reason Selling: Moving to Arizona

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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.