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Growing & Profitable Automotive Business
| Asking Price: | $8,400,000 | Inventory: | |
| Gross Revenue: | $91,827,579 (comments below) | Real Estate: | n/a |
| Cash Flow: | $4,262,278 (comments below) | FF&E: | $56,392 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: Annualized from Jan through September 2009 | |||
| Cash Flow Comments: Annualized from Jan through September 2009 | |||
Growing & profitable automotive business with a great reputation. This company has built its business and profitability on tactical procurement, a sound strategic business plan, unmatched operations, outstanding financial management, and the industry’s best customer service. Proprietary marketing and operations system drives revenues and profits. In a downturn economy, this business has flourished. This business posted revenue increases of 30% in 2007 and over 50% 2008. One of the most recognized names in the industry, the company has a reputation for honesty and integrity within the community. Prime location in South Eastern USA. Current owner has tremendous knowledge of auto industry and wants to stay working “in” the business, working for the new owner ensuring knowledge transfer to continue the steep growth curve and profitability. All intellectual property and proprietary information will be conveyed to new owner. Financials are clean and readily verifiable, EBITDA+SDE from tax returns. Concept could be expanded or franchised nationwide. Buy part or all of the inventory to increase EBITDA. Top performer benchmarked against similar businesses nationwide. All buyers must be approved by seller before information is released and be pre-qualified with financials and executed non-disclosure agreement. Call Dan Cheney 561-686-8222 for details.
About the Business
Year Established:1997
Employees:36 full time -
Facilities:Great location within a few miles of major interstates and state highways.
Market Outlook and Competition:Great reputation and word-of-mouth advertising and promotion from satisfied customers has produced staggering growth. The business has secured top positioning in web search results from investing heavily in their online presence. These secured top positions in web search results cannot be purchased at any price in today’s market. Owner has developed and implemented a unique business model to the industry which has produced huge profits from operations while the industry overall has declined. Keeping up with the growth has been difficult (but that is a good problem to have especially in today’s economy). Continue to leverage economies of scale and proven marketing, advertising, and promotion strategy with produce additional revenues and profits. Business is growing so rapidly there are opportunities to gain efficiencies in the cost structure. Owner has built business from scratch to an industry leader. The knowledge and experience that he has acquired during this time will be fully-disclosed and transferred to the new owner. Strong, strong, year over year financial performance that continues to grow at double-digits both in revenue and EBITDA. Owner has professional, long-term staff that operates business.
About the Sale
Management Training and Support:Six-weeks at no cost to the new owner. Additional training and familiarization available with agreement. Seller wishes to stay on with employment agreement in reduced role which makes Seller, and Seller's knowledge and experience, available to new owner at any time.
Reason For Selling:Owner wants more personal time, reduce his responsibilities in the business
KEYWORDS: car, truck, automobile, automotive, dealer, dealership, luxury, premium, foriegn, import, growth, EBITDA, SUV, convertible, beach, van, motor, motorcar, retail, finance, insurance, sales,
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Industry: Auto Related
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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