Highly Profitable - Buy Here/Pay Here Dealership - Turn-Key on Maui

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Asking Price:
$675,000

Gross Revenue:
$1,902,410
Cash Flow:
 Not Disclosed
EBITDA:
$548,804
Inventory:
$141,109
not included in asking price

FF&E:
$38,841
included in asking price

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Business Description

2018 net profit nearly $550,000. Established, growing and well-reputable “Buy Here/Pay Here” independent car dealership providing alternative financing for customer vehicle purchases. Located on the island of Maui in the heart of Wailuku, this turn-key operation provides excellent cash flow and substantial profits with tenured upper management in place and absentee ownership. Focusing on a first-class customer experience makes this a unique business separating it from the competition.

• Turn-key operation with tenured management in place hoping to remain, allowing for absentee ownership. Seller assigns all day-to-day operations to the General Manager.
• 180-vehicle portfolio and growing with customer-paid interest of 23.99%.
• $1.13M loan portfolio performing at nearly 90%.
• Averaging 15 vehicles sold per month with gross profit of approx. $4,500/vehicle sold.
• Manager is highly experienced with purchasing discounted vehicles locally.
• Captive market allows for higher grosses and exceptionally low repossession rate.
• Beautifully renovated facility offering customers a comfortable and quality experience.
• Onsite Master Mechanic for customer-pay repair work and in-house reconditioning.
• Rent under $6,000/month including NNN with 1 year remaining on lease and one 3-year option to renew. Seller represents landlord is likely to offer additional options.

Offered for sale at:
• $675,000 goodwill.
• Plus assumption of loan portfolio ($1.13M as of June 11).
• Plus used vehicles & parts inventory ($141,109 as of June 11).
• Plus FF&E.

About the Business

Location:
Wailuku, Hawaii
Year Established:
2017
Number of Employees:
6
Relocatable:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,900
Rent:
$5,512.00 Per Month
Facilities:
Newly renovated single-story building with air conditioning and well-kept. Competitive advantage by offering customers a comfortable experience for sales and service. Parking lot for customer parking and vehicle inventory.
Market Outlook/
Competition:
First-class customer treatment separates this business from the average Buy Here/Pay Here operation. Well-reputable and personalized service generates referral business of friends and family. Unwavering financing parameters among other variables have resulted in a high-performing portfolio.
Growth & Expansion:
Prime opportunity to steadily increase the portfolio through customer referral programs and incentives. Seller has already selected third-party vendor to offer reinsurance and after-market products to customers. This additional income center will be made available to the buyer.
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About the Sale

Reason For Selling:
Retirement.
Training/Support:
Upper management intends to stay with the buyer. Absentee owner assigns day-to-day operations to seasoned management.

Listing Info

ID:
1634813
Ad Detail Views:
0

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Business Listed by

Jesse Stopnitzky

Performance Brokerage Services, Inc
License# 01346451

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