Asking Price: $775,000 Gross Revenue: $5,000,000Cash Flow: $250,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $300,000 included in asking priceReal Estate: $475,000 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.
This very well established business of Pre-Owned Cars Sales, Service Business and Tire sales, all of which generates an average of $5 Million dollars in annual sales with an average net return of 3% to 4% on sales. Has a substantial customer base of approximately 4,500 people of which 75% are Service and 25% Car Sales.
The Service business has a number of local fleet truck service clients in addition to it's customers. In fact the volume of business is such that there is normally a waiting listing to get into Service - but people do wait as this business is known in the community for its quality of service work delivered. New owner should be able to increase the service business dollars sales by expanding the service department to include 1 or 2 more bays.
Service also has long established well known brand tire sales business generating approximately $110,000 + in annual sales.
The other part of the business is it's Pre-Owned Car Sales business is very robust averaging 200 cars a year at an average of $1,500 - $2,000 per car gross profit... that is as good or better than most new car dealers gross average.
Store has a substantial reputation for its attention to every little detail during the service inspection and especially in their detail shop in preparing of each vehicle being offered for sale. This store and its current crew do a better job in providing beautiful front line ready recent model years pre-owned vehicles that rival the new car dealers in town. You will see for yourself during just one visit to this location.
About the Business
Number of Employees:
Building Sq. Ft.:
Exceptionally clean throughout - can provide photos and detail -
PLEASE NOTE: A Non Disclosure must be signed before any further detailed information can be provided.
4.9 acres of property that is positioned on a major state highway. Approximately 5,000 to 8,000 cars a day pass along this state road location.
The current location was built in 2001 for its current use as a used car dealership with service / repair facilities. It is comprised of two structures: a 4800 SF primary building and a 1152 SF storage building.
The primary building houses the pre-owned car dealership offices, lobby area and service / repair garage. The office lobby area is approximately 745 SF. There is a 680 SF detailing bay, as shop bathroom and the remainder of the building is devoted to service workshop space. The storage building is used for new tire storage.
Not much competition with this caliber sales dollar volume especially with the long time loyal customer base and service business all housed in a beautiful facility with space to expand.
Growth & Expansion:
Strong market with a major regional hospital in town. Also this business is in the local County Seat. Very well established community with a public school system and district library.
Sellers are willing to provide training along with helping new owner with community introductions and integration. Staff are long time locals and extremely productive employees who would be a major benefit to the next owner of this business
$ Profitable Pre-Owned Cars Sales and Service Business - S.E. Michigan
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