Brad Bickle @ Tim Lamb Group - Northern Michigan Chevrolet-Buick Store

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Asking Price:
$800,000

Gross Revenue:
$5,000,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$350,000
included in asking price

Real Estate:
$450,000
included in asking price

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Business Description

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

Year Established:
1950
Number of Employees:
10
Real Estate:
Owned
Building Sq. Ft.:
8,500
Facilities:
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.
Market Outlook/
Competition:
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.
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About the Sale

Reason For Selling:
Owner is ready for retirement and is realistically priced to sell very quickly
Training/Support:
Manufacturer provides extensive and comprehensive training for all dealership staff.

Listing Info

ID:
1483884
Ad Detail Views:
1699

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Business Listed by

Brad Bickle

Bbickle, LLC., Director @ TimLambGroup, LLC.

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