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Business for Sale Summary

Auto Dealer/Leasing Business for sale in NY - 35019

Business Type: auto repair,auto/truck mechanical repair,seller financing available,automotive dealers/ auto retail
Owner Financing
Auto Dealer/Leasing Business for sale in NY
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Financial Information (non-confidential)

General Information
Asking Price $599,000 Down Payment $299,500
Gross Revenues $5,600,000 Lease Remaining Register Free to View
Owner’s Cash Flow $250,000 Number of FT Employees Register Free to View

Financing

$299,500 Down and A note of $ 299,500 at 7% for 60 months.

Business Description

A 40 years old Auto Sales Dealer and Leasing Business is located on a major highway on Long Island.The business is encompassed on a space of over one and a half acre. The business can hold over 150 cars at a time. Its gross sale (2021) was 5.6 millions. The seller wants to retire; willing to finance, with a 50% down payment of the asking price. The business also includes a fully-equipped repair shop. A huge customer base, with a high customer retention.A turn key-operation. All the up-to-date tools and facilities are available for a new buyer to run it in a smooth way. The business enjoys an excellent customer service reputation in the market. It is once in a life time opportunity to buy this kind of business. The seller's net cash flow, after paying all the expenses, is $250,000 a year. Call Syed at 631-374-7686 for more information.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

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.