NEW PRICE! Car Sales, Restoration, Service Business

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Asking Price:
$990,000

Gross Revenue:
$1,780,478
Cash Flow:
$596,744
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$400,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

NEW PRICE INCLUDES $400K of auto inventory. Profitable car restoration, sales, service business strategically located offering restored classics and premier quality used cars. Owner currently buys cars at auctions and bring them in for restoration. Service Department restores cars for sale profitably because of its direct on-site repair/restoration services. This means cars can be offered for better margin with guaranteed quality that the company can stand behind. Skilled and loyal staff have been with this family-owned company for years and plan to stay so a new owner would simply pick up the business as-is and be profitable right away. Because the owner has been stepping back recently, the staff has been running self-sufficiently. Additional inventory available for consignment.

About the Business

Year Established:
2004
Number of Employees:
14
Real Estate:
Leased
Lease Amount/Mo.:
$17,800.00
Facilities:
3 corners of a busy auto row
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About the Sale

Reason For Selling:
Retiring
Training/Support:
Owner will train

Listing Info

ID:
1421022
Ad Detail Views:
529

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Business Listed by

Randi Edwards, CBB, CBIS

KR Business Brokers
License# 4258

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