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Listing Number:3357

Car Stereo Business for sale in Suffolk County, New York

Business: Car Stereo Business for Sale
County, State: Suffolk County, New York
Business Type: Automotive Dealers/ Auto Retail,

Summary Description

Suffolk county custom car stereo showroom and shop established 30 years. Freestanding building 5500 sq ft plus parking for 15 cars. This shop is located on one of suffolk counties busiest routes and caters to a very upscale rich clientel, such as celebrities and high end business people. Seller has presently owned and operated this impressive cash business foe the past 8 years. No experience needed can be operated absentee with motivated quality manager. They presently do custom installations and service and have a highly trained staff on board which will remain employed. Seller will stay on a few months for a smooth transistion and training. This shop has fantastic magazine articles and reviews and offers the top of the line stereo equipment and is a dealer for the best of the best name brands. This shop presently installs car stereos, alarms, gps tracking systems, cameras, power amplifiers, cd changers, in dash receivers, mobile video units, multi media units as well as televisions in cars and trucks. They also sell and install custom wheels and custom body trim. This showroom offers an upper level movie room for waiting customers. This business includes state of the art up-stairs private office, 2 stock areas, workshop plus 2 car bay for installations and much too much to list including 80,000 in inventory plus 100,000 in equipment and sales displays. To duplicate this facility the build-out would exceed $250,000. Must see to understand and appreciate. Serious pre-qualified by vested buyers only no exceptions. Only opened 6 days 9-6.

About the Sale

Asking price: $700,000 (USD)

Financing: $400,000 down and 300000 at 7% for 36 months

Total Revenues: $1,526,000 (USD)

Cash Flow: $406,500 (USD)

Reason Selling: Has other interests

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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Professional Services, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.