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Business for Sale Summary

Used Car Dealership License for sale in NJ - 34499

Business Type: misc. retail/non-classifiable,non-classifiable establishments,other business services,automotive dealers/ auto retail
Used Car Dealership License for sale in NJ
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Financial Information (non-confidential)

General Information
Asking Price $120,000 Down Payment $120,000
Gross Revenues $0 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$120,000 Down and

Business Description

A used car dealership license in the State of New Jersey is available. Licensed by the state Banking and Insurance Department, licensed to operate a wholesale dealership, licensed to operate a retail dealership, this company can do it all. And the license can be moved anywhere in the state. It permits the owner to acquire and resell any type of vehicle. The owner can register with and attend auctions in New Jersey and, in fact, anywhere in the country, by registering with the auction house; that is, by showing a copy of the company’s license, proof of ownership and payment of a small entry fee. A used car dealer’s license is tied to a particular location; the office can be anywhere; the lot space to operate a retail business should be at least one acre. A wholesaler may need space for two or three cars, no more. The dealer should have a working relationship with mechanics and tow truck operators who in essence form a dealer’s management team. The selection of used cars is typically published online in advance of the auction and allows the dealer to bid on a car on the basis of description and interior and exterior photos, or the dealer will go to the auction a day before with a mechanic to personally inspect the desired car(s). Multiple car purchases are often the case and credit may be extended by the auction house. The sale includes the Licenses, 5 Dealer Plates, temporary tags, and a first-class reputation so important to auction houses who can extend credit. For more information, contact Gerald Nimberg, Senior Business Broker, Vested Business Brokers. He can be reached by cell at 646-269-4616.

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.