Property Details

Used Automobile Dealership with Real Estate - Monroe County

Property ID : WSD24.251

For Sale, Real Estate $1,398,500.00 - Automotive, Real Estate

DESCRIPTION:
• A well-known established used car dealership with over 21 years of business
• Located off a very busy road with high visibility.
• Primary customer base is sub prime
• Has a very well-known marketing campaign on a weekly basis
• Over 1.3 acres available for car lot
• Loyal customer base
• Clean environmental phase one inspection recently done
• 2 lifts for mechanical and doll up
• Hours of operation: Mon –Thur. 8 AM -7 PM Friday 8 AM -5 PM Sat. 10 AM -3 PM

ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price)
• Furniture, Fixtures and Equipment at a Fair Market Installed Value of $ 50,000
• Real Estate at a fair market value of $ 250,000

INCOME AND SELLERS DISCRETIONARY EARNINGS:
2019 2018 2017 2016
Income $8,430,227 $8,440,621 $7,060,440 $6,761,644
SDE: $ 364,917 $ 374,592 $ 417,065 $ 429,270

REAL ESTATE:
A 2,586 Square Foot Office and Repair Shop on .41 acres of land
Total Property taxes in 2018 were $ 10,286.52

PRICE/FINANCING:
The asking price is $ 1,398,500. There is owner financing on the real estate and any Inventory Of Vehicles the Buyer chooses to purchase from the Seller

COMMENTS:
After 21 years of operating a very successful car dealership, the owner is ready to retire. This location has a high-volume subprime customer base that would be perfect for a owner /operator, or a perfect additional location for an existing car dealership. A recent phase 1 inspection of the Property has been completed that shows a clean environmental report. Over 1.3 acres of prime real estate for off highway viewing is available

Agent Stephen DiPaolo

  • Office : 585-247-4750

Stephen DiPaolo was the owner of Aries Precision Products in Rochester NY for 22 years,…
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