Serving All Industry Sectors
New York, New Jersey, Connecticut,
and Eastern Pennsylvania

CONTACT US

(212) 686-5790

Used Car Dealership - Valuable Hard To Get Lease

Excelsior Business Group, LLC
For More Information Contact
Tony Torella
Excelsior Business Group, LLC
(212) 686-5790

Used Car Dealership - Valuable Hard To Get Lease

Industry Segment:
Auto Dealership
General Location:
Queens County, NY
Listing Number:
BBN-194320032

Purchase Information

Listing Price:
$795,000
Down Payment:
$795,000
Terms:

Financial Information

Gross Sales:
$1,478,000
Cash Flow:
$365,000
Equipment:
$4,000
Included
Inventory:
$200,000
Included

Other Business Information

Year Established:
2015
Monthly Rent:
$12,000
Square Feet:
3,300
Employees:
2 FT, 1 PT
Days & Hours:
Is this a Franchise?
N
Home-Based?
N
Can be Relocated?
N

Business Description

This used car dealership has one of the most desirable locations in Queens. It is located on a highly trafficked road in a busy Queens community. There are 6 years left on the lease, with an additional 5 year option. Most importantly, the business has the valuable Retail Used Car License. In addition to selling late model cars, the dealership also has a revenue stream from the warranties and insurance policies they offer their customers. This is a highly profitable business whose year-to-year revenue stream has grown significantly since it began in 2015. To illustrate: 2015 revenue was $184,953; 2016 revenue was $379,808; 2017 revenue was $834,961; 2018 revenue was $996,399; 2019 revenue was $1,414,498; 2020 revenue was $1,478,000 and 2021 revenue is projected to be $1,900,000. The demand for vehicles is high in this area of Queens, and is expected to continue growing. Most importantly, the business has solid operational procedures in place which will enable it to handle this expected growth.

Tony Torella
(212) 686-5790
(917) 881-1954
tony.torella@excelsiorbusinessgroup.com
Excelsior Business Group, LLC
555 Madison Avenue
5th Floor
New York, NY 10022
excelsiorbusinessgroup.com
Listing Number:  BBN-194320032
 

Last Revision:6/29/2021 2:50:00 PM
Please Note: All listings herein are exclusive to this listing office as of the date of submission. Information contained herein has been provided by the Seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. No prospect shall receive the name of any listed firm until the STANDARD DISCLOSURE STATEMENT is signed by the prospect.
Excelsior Business Group, LLC

Contact Tony Torella
(212) 686-5790

Please complete the following
* required information

security code
refresh image

Enter Security Code: