* Included in Asking Price
Well established used car dealership with 15 years of steady growth and profits, selling over 360 vehicles a year. They have a prime high traffic location close to route 50, 66, and 495 and a seasoned staff of employees who are well trained and experienced. The dealership is located on one acre of land that allows over 60 cars with 2,000 sq. ft. office building and nearby well-equipped mechanic shop and dedicated mechanic.
Their 2,000 square foot building has a remodeled front office which is fully furnished with desks, computers, printers, file cabinets, and separate and comfortable office space for clients with ample seating for customers. The lot has excellent visibility from the highway and parking space to park 60 vehicles.
They have digital surveillance system with computer & monitor security system and all office furniture will stay.
This is a turnkey business with more than 12 banks already setup for financing; software specialized in car industry includes Finance Express, Dealer Center, Dealertrack.
Key financials: Margins are high and they will not disclose until we have interested serious parties and a non-disclosure/buyer profile.
Key financials: Margins are attractive. Seller will provide monthly detail invoices and bill of sales during due diligence. They average about 25 cars per month. Inventory NOT included and can be purchased separately. Current car inventory level is $600,000 but will fluctuate from month to month.
2017 Revenue expected to be around: 5.00 million
2016 Revenue was: 5.43 million
2015 Revenue was: 5.13 million
2014 Revenue was: $4.4 million
Real Estate Number: 623381
|Competition:||Auto sales market has been increasing for the last 6 years. They offer a unique selection of used car with great locations.|
|Growth Potential:||A lot of online customers, drive-in traffic, and repeat customers with great roadside visibility. Currently advertising with Cargurus, Edmonds, and Craigâ€™s list.|
|Training/Support:||Seller will provide all necessary training for a smooth transition to the new owner. Including the handoff of relationships developed over the years. No experience in this industry is necessary.|
Seller Reference #MONTGMD006-N411
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