Unique Online Car Dealership Selling Repaired BMW’s-Low Overhead

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Asking Price:
$985,000

Gross Revenue:
$4,107,450
Cash Flow:
$400,000
EBITDA:
$400,000
Inventory:
$800,000
not included in asking price

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

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Business Description

This unique one of a kind, niche business sells rebuilt title BMW's online through eBay. It is the largest dealer of rebuilt BMW's in the US with annual sales exceeding $5M and operating profits exceeding $330,000. Note that these results are for only eleven months, due to Hurricane Irma. Operating profits for 2018 should exceed $400,000 based on YTD trajectory. The company sells 1/3 of the entire inventory every month, which is well above the industry averages. This dealership is not location dependent and does not have to be based in South Florida, it can be moved anywhere in the US and it will be just as effective. With an unparalleled reputation on eBay, customers buy from from the company sight-unseen and the cars shipped directly to their door. The company has an average inventory of 40-45 cars (approximately $1,000,000 in inventory is not included in the price) and we sell 18-22 units monthly. The company has over 3,000 followers.

The company has a partnership with a national credit union and can offer 1.9% interest financing to our customers. As you can see, our value proposition is tremendous. We offer customers the latest models, top of the line BMW's at prices or payments that are close to what most people pay for Toyota’s, Honda’s, and KIA’s. As an example, we can purchase a repaired 2015 BMW 3-series for $13,000 - and then easily and quickly resell it on eBay for $16 to $17 thousand. This business has unlimited potential for expansion, the company has already begun expanding to other makes and models. Online car sales is where this industry is heading and this business is primed to take full advantage of this trend. The bottom line is that customers have grown wary of a traditional dealership buying experience and want to buy cars online (just like they buy everything else nowadays!) and nobody gives them an easier experience or more value than we do!

Main competitive advantages of our operation are:

1. Titanium Power Seller level on eBay and 100% feedback rating since 2010. Over 1,300 followers (i.e. future buyers) on our eBay store and growing steadily.

2. Partnership with the best mechanics in the US that repair these cars exclusively for us. Cars are guaranteed to be perfect and you will never deal with auctions. The mechanic shop that repairs cars for us may also be purchased if you'd like to integrate these two businesses into one.

3. The cars we sell are 30-40 percent below market value, making them incredible value. There are also not many rebuilt luxury cars in the market and none are as good as ours.

4. The ability to sell vehicles automatically through eBay. Some customers will simply buy the car through eBay without even calling or emailing. There is no better feeling in the world than waking up to a "your eBay item sold" email!

5. Incredible and highly desirable 45-50 luxury car inventory is included. Whole valued at $1,200,000. All of our cars are owned outright. Business has no debt.

About the Business

Year Established:
2010
Number of Employees:
1 F/T
Relocatable:
Yes
Real Estate:
Leased
Lease Amount/Mo.:
$3,500.00
Facilities:
Warehouse with office and AC, covered and fenced in yard. $3,500 a month rent which stores 50+ units
Website:
www.atluxurycars.com
Market Outlook/
Competition:
The company is the industry leader and competition for rebuilt luxury cars is minimal.
Growth & Expansion:
The company has already started to expand to other makes besides BMW’s so the expansion potential is limitless.
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About the Sale

Reason For Selling:
Needs a rest/a change after ten years in the car business
Training/Support:
Negotiable

Listing Info

ID:
1483455
Ad Detail Views:
178

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$
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Business Listed by

Bob Dolan

Dolan Sales, Inc. - BK3208769

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