Here's a chance to buy a legacy business that has been a pinnacle of the Boston auto sales community for the past few decades. High volume corner location, has about 120-ish cars in stock at any given time between the lot inventory and some in storage. Seller owns the property, and will be leased back. Ideal situation for someone with a passion for cars, but even those financially motivated Buyers can stand to gain from the expertise of the Seller and his willingness to stay on board for an extended period. Seller is willing to finance a portion of the purchase price (subject to negotiation) only because he knows what a cash cow this business can be. Has previously grossed over $2,000,000.00 a month and has the bank statements to back it up. Target is $3k profit per vehicle, and he pretty much hits the mark each one out the door. Upside exists for well capitalized Buyers seeking to double the net income or more to add buy-here pay here services, i.e. in-house financing. Seller has all the ideas but lacks the passion and so it's time to transition his enterprise to hungry owner operators. Presently over-staffed due to loyalty, Buyer should be prepared to take a consulting approach and trim the fat after change of possession, could be run as a husband and wife or father/son gig and have 7 employees and call it day easily. Ace Business Brokers NDA is required for exact business address to see the lot for yourself.
About the Business
Number of Employees:
AAA+ Location, high visibility, great accessibility for all customers and staff.
There's some competitors, but this is a crown jewel of the Boston area.
Growth & Expansion:
Needs to add in-house financing department to secure huge margins and enhance net profit.
As needed. Seller would be willing to explore long term employment situation so long as he is no longer responsible as a CEO type and day-to-day operations for example.
If the price and deal structure is right.
Ad Detail Views:
Asking Price: $1,000,000 Gross Revenue: $12,000,000Cash Flow: $480,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $1,000,000 not included in asking priceFF&E: $20,000 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Boston Area High Volume Used Car Dealership 50-80 Cars Sold / Month!
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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
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