Independent Automotive Dealership and In-House Financing

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Independent Automotive Dealership and In-House Financing
Asking Price:
$1,970,000

Gross Revenue:
$9,556,628
Cash Flow:
$591,632
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$500,000
included in asking price

FF&E:
$5,000
included in asking price

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Business Description

This near luxury used car dealership has been successfully operating since 2007 with continuously growing profits on a continuous basis. The separated finance company was founded in 2001 to support a dealership that was opened in 1999 with the seller and his brother. When his brother desired to exit the business to get into real estate development, they sold the dealership and retained the finance company. Missing the tremendous profits inherent in running both retail and finance the seller reentered retail automotive in 2007 with the intention of selling 10-20 units a month. During the first month in business at the current location over 50 vehicles were sold without a single dollar spent on advertising. The dealership has continued to grow in sales every year since, with high sales bolstered by selling his vehicles for an average gross per unit well above industry averages. With current management and staff in place, seller can enjoy more time away from business. With the switch in owner’s business interest, hence this fantastic acquisition opportunity for both business operator/owner and private investor.

• 5,000 sf showroom and office facility
• Room to stock 150+ vehicles (current inventory 101)
• Secure accounts receivables department (steel doors and bulletproof glass at payment window)
• Cameras cover both inside and outside of premises
• Only 30% of the current facility is utilized allowing for massive expansion of the sales floor
• Beautiful location on main road with high visibility
• Extremely high traffic road
• Extremely low lease $7,600 with a 3% increase yearly
• Brand new lease signed February 6, 2015 5 year term with 5 year option to renew

About the Business

Year Established:
2007
Number of Employees:
3
Real Estate:
Leased
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About the Sale

Reason For Selling:
other business interests
Training/Support:
2 weeks
Seller Financing:
1110000.00

Listing Info

ID:
1407973
Ad Detail Views:
252

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Business Listed by

Lex Meredith

Transworld Business Advisors

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