Look what happens when you combine a great location with excellent used car finance companies .... + $540K seller discretionary cash flow plus a gross of 1.9 mil! Add to it a sales price of only $600k (150K inventory) and a seller willing to finance up to 50% of purchase price ... frankly, you have an entrepreneur's profit dream come true.
Very profitable independent used car dealership for sale! The business can be run pseudo absentee. The business projects about 1.9 mil. in gross revenue and $540,000 in seller discretionary cash flow. Approximately, 35 cars are sold per month. Price includes $150,000 in inventory. Business is located in a high traffic location, has excellent visibility - off a major highway and desirable demographics. The location is close to major highway in major metropolis - minutes from Downtown Cleveland. The business has staff in place and limited competition. Facility is approximately 1,700â€”square feet; lot is 10,000 square feet and holds about 40 cars at a time. There are 3 service bays on site.
The business has several profit centers, including sales, direct financing and third party financing. It has a lease/land contract with an option to purchase of $2,400 per month. There's lots of upside potential for this business. Seller will assist the buyer in learning how to sell used cars and introduce him/her to industry services including financing companies that specialize in lending to the businesses niche customers. Seller is willing to finance up to 50% of the purchase price for a qualified buyer(s).
The information contained herein has been secured from the Seller. Sunbelt Business Brokers of Northern Ohio does not warrant or guarantee in any way whatsoever either the accuracy or the correctness of the information or any assumptions or inferences there from. Buyer should conduct his or her own diligence before buying. This information is subject to change without notice. Real Estate is being offered separately by Fran Shields Broker of F.J. Shields Agency; listed separately at additional price.
Required Licenses: Business, State
Seller Reference #NORTHOH001-N253
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