Economic Slowdown Helps Used Car Note Lot! Terms Negotiable!! MOTIVATED!
Location: Texas > Ellis County
Industry: Auto Related > Auto Dealers
Financials
Gross Revenue: $500,000
Gross Revenue Comments: Business operating only 4 days per week.
Cash Flow: $100,000
Inventory: $115,000 (Included in Asking Price)
FF&E: $20,000 (Included in Asking Price)
Real Estate: $300,000 (Included in Asking Price)
Seller Financing: Terms and Conditions negotiable! Seller will consider partial financing to qualified Buyer!
Business Summary
Business is picking up due to the slowdown in the economy! Excellent opportunity to own one of the area's long established used car business. Seller is retiring and motivated to sell NOW! This business is located 15 minutes from Downtown Dallas in a rapidly growing area. This is a seasoned 15 year old business, 10 years in the same location that has excellent visibility from the highway. The business specializes in selling retail used cars and small trucks to customers for cash or in house financing. The lot will hold up to 30 cars with ample room to expand. The building has 3 offices, reception area, and kitchen area as well as a 2 bay garage with lift. Adding repair work should greatly increase revenues! All systems are in place and running well for this turn-key business including Buy Here Pay Here software. Seller is flexable on terms and conditions so If you have been looking for a used car lot in a great location, or have been looking to expand your business in an additional location, you must see this business! **Note, Assets that are available are : accounts receivable, real estate, and inventory. Call or email today for additional information.
About the Business
Year Established: 1994
Employees: 1 full time -
Facilities: The business is situated on 64,000 sq ft. corner lot, with 500 lineal ft. on Interstate 45 service road! There is a 2800 sq.ft. metal building with offices and a two bay garage. 20,000 sq.ft. paved, piped, and fenced lot with three locking gates and pole sign.
Market Outlook and Competition: Demographics are great for this business. Excellent location with corner lot on I-45!! Situated between highway exit and highway entrance ramps!!!!
About the Sale
Management Training and Support: Yes, Negotiable, seller wants a smooth transition.
Reason For Selling: Retirement
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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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