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Jul 13, 2016 10:40 EST

U SELL IT AUTO AUCTION’s business concept is simple: Give buyers and sellers direct access to each other (as well as necessary services to carry out their transaction) for the purpose of saving them the cost of having a dealer as middleman

iCrowdNewswire - Jul 13, 2016

U Sell It Auto Auction LLC Logo

 

U Sell It Auto Auction LLC

 

Lumberton, NJ 08048, US
Retailing
Usellitautoauction.com

 

U SELL IT AUTO AUCTION’s business concept is simple, give buyers and sellers direct access to each other (as well as necessary services to carry out their transaction) for the purpose of saving them the cost of having a dealer as middleman.

Unique Products and Services – U SELL IT AUTO AUCTION is a start-up pre-owned vehicle auction facility to be located in the Cinnaminson/Delran NJ area and expected to serve customers within a 50 to 75 mile radius and beyond. The services rendered will specifically cater to the needs of BOTH buyers and sellers. In addition to complete auction services, the company will also provide ancillary services required by both buyer and seller. These services will include financing, warranty and insurance services, detailing and light mechanical work, tires, vehicle background reports (carfax/autocheck) and other services.

Strategy – Our company’s strategy is to secure the facility in South Jersey that will serve as our first auto auction facility. Then, through an aggressive and disciplined marketing campaign, we will build the volume of vehicles being auctioned to 100 or so vehicles per week. As a fee for our services we will charge both seller and buyer a small percentage of the final sales price. Gross sales volume is expected to surpass $2.4 million the first year and grow to over $5 million by the third year with the expected opening of additional facilities.

 

Products / Services

U Sell It Auto Auction

Business Concept – U SELL IT AUTO AUCTION’s business concept is simple and innovative; give buyers and sellers direct access to each other (as well as necessary services to carry out their transaction) for the purpose of saving them the cost difference of having a dealer as middleman.

Unique Products and Services – U SELL IT AUTO AUCTION is a start-up pre-owned vehicle auction facility to be located in the South Jersey area and expected to serve customers within a 50 to 75 mile radius and beyond. The services rendered will specifically cater to the needs of BOTH buyers and sellers. In addition to complete auction services, the company will also provide ancillary services required by both buyer and seller. These services will include financing, warranty and insurance services, detailing and light mechanical work, tires, vehicle background reports (carfax/autocheck) and other services

 

Management

Chief Executive Officer
Charles D. Harmon

 

President Business Development
Agusto Magadia

 

Senior Vice President Operations
Talia Gori

 

Vice President Marketing
Jelani Okafor

 

Summary

Prior Year Revenue Current Year Revenue Next Year Revenue

 

Company Age Employees Sub-Industry
1 year, 4 months 4 Auto Dealerships

 

Company Type Stock Exchange Stock Symbol
Privately-Held

 

 

Contact Information:

Charles D. Harmon

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