Asking Price: $800,000 Gross Revenue: $5,000,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: $350,000 included in asking priceReal Estate: $450,000 included in asking priceShare 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.
Realistic upward performance potential as identified by the Manufacturer especially in new truck sales which are running below its assigned market retail sales potential for the Brand. Also Fixed Operations coverage running at 50%-56% vs. industry standard of 75%. Store has real potential with the right amount of energy and a focused new owner should be able to generate an exponentially upward bottom line.
Located on a Major U.S. Highway and is within generally easy access to other major markets in addition to its primary assigned market place.
PLEASE READ CAREFULLY: Due to the pricing for this offering it is certain to generate a substantial amount of responses, which are greatly appreciated. It is important to note that the Manufacturer has general guidelines defined for a new owner's consideration which is either a minimum of 10 years of current retail franchise dealership upper/executive management experience /OR/ new vehicle franchise dealership investment and/or ownership.
*NOTE* Current owner wants to sell the Real Estate, asking $450,000 and Business Assets, Equipment, FFE, Goodwill, etc., $350,000.
Also a comprehensive Investment Summary and Presentation package is available to assist with the decision making process. It will require a signed Non-Disclosure form prior to receiving all the detailed information on this exceptional offering.
About the Business
Number of Employees:
Building Sq. Ft.:
The site is a total of approximately 4 acres. The property's primary improvements includes a 8543 square foot automotive sales, service building and body shop. Clean and take over ready facilities.
Significant visibility as it sits on a MAJOR U.S. Highway - data from MDOT reports that on a daily average over 6,000 cars / trucks pass in both directions of this store. Thats approximately half a million vehicles a year.
Manufacturer market performance reports have identified a significant sales and service growth improvement opportunity for new car and especially new truck. Separately there is growth for used car and truck sales as well. All of the aforementioned combined should result in an increased bottom line profitability with minimal effort in both Sales and Service.
Growth & Expansion:
Established market and a long term presences of customer/owner based as identified by the Seller and the Manufacturer.
Brad Bickle @ Tim Lamb Group - Northern Michigan Chevrolet-Buick Store
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. See our
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