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Business for Sale Summary

Used Car Dealership for Sale in Queens County - 36034

Business Type: illness forces sale!,misc. retail/non-classifiable,must sell/drastic price reduction!,other personal services,owner financing available,automotive dealers/ auto retail
Owner Financing
Used Car Dealership for Sale in Queens County
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Financial Information (non-confidential)

General Information
Asking Price $125,000 Down Payment $75,000
Gross Revenues $475,000 Lease Remaining Register Free to View
Owner’s Cash Flow $140,000 Number of FT Employees Register Free to View

Financing

$75,000 Down and balance of $25k for 24 months @ 8%

Business Description

An established and thriving used car dealership in Queens County is offered for sale due to the owner's recent heart attack, resulting in a strategic below-market pricing for a swift transaction. This one-person operation generates a monthly profit of $11-12k after all expenses. The dealership includes a fully licensed status, a $100,000 credit line/floor plan, and a strategic location among other car dealerships. With monthly expenses totaling $4,000, the package encompasses a NYC used car dealer license, two dealer plates, space for nine cars on a fully gated and paved lot with security cameras. Strong relationships with major auto auctions, financing options for all credit types, and partnerships with warranty companies are highlights. Established for 25 years, the business has a solid customer base from foot and internet traffic in the busy area, indicating growth potential. With the right new owner, this turnkey operation is poised to generate income immediately. The owner is willing to provide a full two months of training if necessary and prefers a buyer with experience in the car business or a genuine passion for cars. For inquiries, please contact listing broker Brian Bernstein at 929-969-0007.

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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.