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Business for Sale Summary

Used Car Business - 22833

Business Type: retailing businesses,automotive dealers/ auto retail
Used Car Business
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Financial Information (non-confidential)

General Information
Asking Price $350,000 Down Payment $75,000
Gross Revenues $0 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View


$75,000 Down and TBD

Business Description

This used- cars business is located on one of the busiest roads on Long island. The size of the site is 80x 120, which can hold over fifty cars at a time. It has an extremely-decorated office, with up-to-date technology to conduct business on a daily basis The seller started this business about six months ago, acting as an absentee owner, but, now unfortunately, has come to know that his partners are not conducting the business with ethics. The business has been selling thirty cars a month; plenty of walk-in customers, due to the location. The business, at present, has about thirty cars in its inventory, within the ranges of Mercedes, BMWs... The inventory itself is worth about $250,000. The seller, having a totally different professional background, does not have the knowledge to run it, therefore, is willing to accept 25% as a down payment. The seller owns the property, and wants to sell with property for $ 1.4 millions. If somebody is already in this business, please look at the site, and see how attractive is the location!

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.