Franchise dealership with very large area of responsibility, high end pre-owned SUV dealership with large service and parts department

Well established franchise dealership, only in in North Carolina, only large sale and service center for premier SUV manufacturer within a 2 hour radius. Its customer base, wealthy 2nd homeowners in the resorts. Parent company was established in 1984 and opened this point of sale in 2013. This is the last store of the group that is being offered for sale since its principal sold all of the Florida stores and is ready to retire for good. The store is close to his 2nd home.

The seller owns a 10,000 SF building on a premium corner lot. The real estate is likely worth well in excess of $1.5 Million and is included in the asking price of $2,750,000 further it will include the Franchise, (Buyer will have to qualify and be approved by the Manufacturer as well as the Floorplan lender), 13 years of business, Service department equipment, inventory of vehicles and parts estimated at $500,000 in other total assets. A tire store within walking distance sold a year ago for $5.3M to a New Your Private Equity firm.

The seller will consider a 1031 Like Kind Exchange on the real estate AND IS FLEXIABLE IN VALUATION TO RE TO ACCOMMODATE A BUYER WITH A 1031. OWNER typically comes into the office for about 4 hours during the week when at his Mountain home but has a full-time sales person and two service technicians.

The majority of the sales in this business are CASH sales as the customer base is largely wealthy home owners with a second home located in resort areas of the western NC region. Classic Car sales are also popular items for this company due to the owner having several “classics”. Last year they sold 3 vehicles alone for $1.2 Million. Seller has stated that they usually have about $2 Million in total annual sales with very high profit margins. The service department contributes greatly to the bottom line.

Interested parties will need to provide a Confidentiality Agreement and other documentation in order to receive information about this business.