MergerPlace

High Volume Used Auto Dealership

Connecticut (New Haven)


  • Asking Price: $550,000
  • Gross Income: $2,273,678
  • Cash Flow: $35,212
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $44,334
  • Listing ID: #201758
  • Established: 1973
  • Employees: 5 FT

Business Description

Opportunity to acquire a high volume, turnkey, used auto dealership with a strong brand and customer base that pulls from the wider New England region. This well-maintained used car dealership's produced $2.3mm in revenues, selling between 30-50 cars per month. Turnkey operations with name, website, systems, trained employees, furniture, fixtures, tools, equipment, repair bays and an opportunity to continue a dynamic, profitable affiliation with a nearby auto finance entity that underwrites consumer paper and provides floor plan financing. Business can be sold with or without auto inventory. Training available during one-month Transition Period. Visible from major highway.


Business Details

Primary Business Category: Retail Trade - Motor Vehicle & Parts
Location: Connecticut
County: New Haven

Company Information

Year Established: 1973
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 5 FT

Financial Information

Asking Price: $550,000
Gross Revenue: $2,273,678
Cash Flow: $35,212
FF&E: $44,334
Seller Financing Available: No

Property Information

Facilities:

There has been a used auto dealer at this location for nearly half a century. Inventory turns steadily and quickly. Seller also controls 3,341 sq ft building with six bays on 0.6 acres. The facility consists of offices, lot and includes 6 garage bays. Sale includes office furniture, computers, fax machine/copier, surveillance camera system, signage, vehicle display ramp, garage fixtures and equipment. Real Estate is available for lease or purchase. Buyer has option to acquire the business with or without auto inventory. Affiliated consumer finance entity may also be for sale.

Growth & expansion opportunities:

Growth can be achieved by moving up the spectrum to sell higher-priced vehicles or by expanding marketing and advertising activities.

Competition:

At present, this dealership competes at the lower end of the price spectrum, moving between 30-50 vehicles a month at an average price $4,000. Long-time manager is ready to retire and absentee owner is ready to sell. With a solid foundation for growth, this dealership offers several high margin add on products, including extended warranties and prepaid maintenance which generate additional revenue.

Reason for selling:

Owner is absentee and long-time manager is retiring. Great opportunity to acquire this high-volume, well-known, used auto dealership.

Support & Training:

Will train for 4 weeks @ no cost. 8 dealer plates available.

Contact Business Seller

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Business Listed By:

Alan Zinser

Murphy Business Brokers