Asking Price: $1,970,000 Gross Revenue: $9,556,628Cash Flow: $591,632 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $500,000 included in asking priceFF&E: $5,000 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 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
Independent Automotive Dealership and In-House Financing
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