Used Cars, Parts/Repair
Kings, New York
| Asking Price: |
Gross: |
Cash Flow: |
| $260,000 |
$2,229,472 |
$357,990 |
Furniture and Fixtures Value:
$225,000 (included in the asking price)
Inventory Value:
$125,000 ( not included in the asking price)
Business Summary:
This used car dealer only deals with specific types of cars purchased at specified auctions. Handles about 500 cars a year (Ford Crown Victoria). Makes over 100% mark up per car. Main building 6,000 sq. ft. has complete repair facility, 3 lifts, transmitter shop 2 inspection machines, tire machine, complete diagnostic equipment and certified Ford computers. Cars purchased to a new car look. Sold to repeat customers and to by word of mouth to other satisfied customers and to exerting tax companies nationwide. Business can easily be relocated to a well traveling highway as telephone number is the most important sale item. Dealership is well known and respected (no NYC cars are handled) only cars from suburban areas and bought at auctions. About 35-40 cars kept in inventory with a value of $125,000 – at times cars sold without handling. Average sale of car is at a huge mark up – yard car parking 50 cars, plus 15 cars inside. Yard and building is about 20,000 sq. ft. plus parking on roof. Owner will stay on until buyers are trained.
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| Year
Business was Established: 1991 |
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| Number of Employees:
5 |
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| Facilities / Terms of Lease:
Facility - 20,000 sq. ft. repair garage 6,000 sq. ft. good NYC lease – car parking 66 cars. Inside are repair bays and shops all located within the repair facility – with offices. |
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| Potential
Growth/Expansion:
Advertising – getting larger quarters and purchasing more specialty cars at auctions only handles Ford Crown Victoria at present. |
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| Competition:
Not too many competitors in this unique niche business – selling special types of used cars. |
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| Owner
willing to finance:
Owner will finance $20,000 at terms to be negotiated. |
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| Owner
willing to train:
Two week or until new owner learns trade. |
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| Reason for selling:
Owner involved in international finance – this hobby taking up too much time. |
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| REQUEST MORE INFO |
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