Auto Wholesale Business

Queens, NY
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Asking Price:$150,000
Gross Revenue:$657,651
FF&E:$2,500
Cash Flow:$268,485
Rent:$3,000/Month
Established Year:2021
BUSINESS DESCRIPTION

Highly Profitable - With A Great Business Model

This highly profitable business is owned by four partners. Two of the partners are running the business on a day-to-day basis, while the other two partners are investors who live in China. Because of partnership issues which have frustrated all four owners it was decided that it would be in everyone's best interest to put the business on the market for sale.

Even though this business has only been in operation since May, 2021, it has a business model that has proven to be very effective and highly profitable.

The owners of the business have the following licenses:
1) Auto Wholesaler License
2) Auto Broker License

In addition to the two partners, who are operating the business, there are 5 outside sales reps who are paid on a commission basis.

All revenue and cash flow claims will be proven and clearly documented by the sellers.


DETAILED INFORMATION
Location
Queens, NY
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
900
Lease Expiration
30/04/2026
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Street Level building (700 sq.ft.), with a basement (200 sq. ft.)
Competition
Competition is not an issue. This company has developed its own special niche in the Auto Wholesale market. And, most importantly, the operating partners have developed solid relationships with retail dealers, auction houses and auto body shops.
Growth & Expansion
The forecast for growth is very strong. It is based not only on the current success of the business, but also on the future revenue projections that are expected as a result of the fine-tuned business model that was developed by the current owners, and the non-stop high demand that exists in the automobile market for late model used cars.
Support & Training
If requested, the operating partners would be willing to stay on as employees or consultants. Compensation and terms to be negotiated.
Reason for Selling
Partnership Disagreements
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Tony
Torella
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Tony Torella