Established in 2023, this independent used car dealership has achieved remarkable success in just 19 months of operation. Located in rapidly growing Iredell County, NC, the business sits on a prime highway location with a 40,000+ daily traffic count.

Financial Performance:
• Annual Revenue (2025 YTD): $2,400,000
• Cash Flow (SDE): $184,400
• Strong growth trajectory: 2.3x year-over-year growth
• February-December 2024: $1M in revenue (79 units sold)
• 2025 projection: $2.5M in revenue (150 units projected)

Business Highlights:
• Proven business model with established customer base
• 63 Google reviews averaging 4.9 stars
• Strong financing network with multiple banking relationships
• Two transferable floor plans totaling $750,000
• Current owner achieved success with no prior dealership experience

Location & Facilities:
• 1,100 sq ft building on 0.70 acres
• Sales office and two 2-car garages
• 2-car garage used for paint/body - sub-leased for $800/mth by paint/body specialist
• 2-car garage used as a detail shop – fully equipped with an attached 22x22 carport
• Lease through March 2029 with two 5-year renewal options
• Two adjoining lots potentially available for expansion (all 3 lots total 1.9 acres)

Growth Opportunities:
• Significant F&I revenue potential - owner estimates 50%+ revenue increase possible
• Minimal current backend sales (points, GAP, extended warranties)
• Service center expansion potential w/2 additional lots
• Located in one of the fastest-growing counties in the US
• Median household income of $78,700 (12.6% above NC average)

Includes:
• FF&E valued at $15,000
• Inventory valued at $450,000
• 30-day owner training available

Reason for Sale: Owner health issues

This turnkey operation presents an exceptional opportunity for an experienced automotive professional or investor to acquire an established, profitable dealership with tremendous growth potential in a thriving market.

• According to CarGurus.com and DealershipGuy.com, in 2025, shoppers chased value more than ever

• According to CarGurus.com and DealershipGuy.com, with new car prices stuck near record highs, shoppers shifted hard into used, more budget-friendly inventory

• According to CarGurus.com and DealershipGuy.com, more budget-conscious buyers opted for used vehicles—which carried most of the load in 2025

• According to CarGurus.com and DealershipGuy.com, for dealers, 2025 confirmed that affordability and fuel efficiency now drive the bulk of demand, putting a premium on the right mix of compacts, hybrids, and value-priced used inventory

• According to CarGurus.com and DealershipGuy.com, 2026 is poised to be a huge year for pre-owned vehicle sales