MergerPlace

Auto Dealership

Oklahoma (Oklahoma)


  • Asking Price: $750,000
  • Gross Income: $921,558
  • Cash Flow: $267,944
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $30,400
  • Listing ID: #198658
  • Established: 2015
  • Employees: 6 FT

Business Description

This operation is the perfect opportunity for any interested buyer to make their way into the Used Car Auto Sales business. This is your opportunity to acquire a highly profitable, turnkey used auto dealership with a strong brand and reputation within its market. This is a well maintained used car dealership and revenue has been increasing significantly over the last year. The business enjoys strong monthly vehicle sales and has great reviews online. Everything is set up, including auctions, banks, floor plans and a website. The business has a well trained staff with lots of future growth potential. All the inventory and books are up to order and organized and all the advertising is set up. This is a very busy area and is excellent for this type of business. Included in the price are all equipment, office furniture and all computer software. It is truly a turnkey purchase opportunity. The Owner is willing to train for 1 month. Sales in 2016 totaled over $920K from this facility and the business sold over 650 units in 2016. The founder has done an outstanding job building a reputable brand around this business. This is a great location with high visibility from passing traffic. An Oklahoma Auto Dealer License will be needed. Current figures include rent expense of $64k/year. Some Seller financing may be available to qualified Buyers. Growth can be as much as the new owner wants depending on his or her level of commitment. The current manager has been with the Business since opening and takes care of the day-to-day operations. The business has had very good sales growth over the past year with excellent profitability and a lot of future opportunity. This business has many great reviews on Facebook, Google and Yelp. The employees do not know about the sale. Do not let this opportunity pass. Lender pre-qualified for qualified buyer.


Business Details

Primary Business Category: Retail Trade - Motor Vehicle & Parts
Location: Oklahoma
County: Oklahoma

Company Information

Year Established: 2015
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 6 FT

Financial Information

Asking Price: $750,000
Gross Revenue: $921,558
Cash Flow: $267,944
FF&E: $30,400
Seller Financing Available: No

Property Information

Facilities:

The Real Estate is currently leased with annual rent at $64K. The lot size is almost an acre with parking for 80 cars. The business is close to two major highways for easy access. The property consists of a large well-lighted lot and a surveillance system with a new office. The building is roughly 2000 square feet and also has security cameras.

Growth & expansion opportunities:

There is tremendous potential for 30-50% more sales for an energetic new owner who is willing to come early, stay late, increase staff and has strong management ability. There is tremendous potential for growth.

Competition:

The lot is located in a very good location. The dealership has separated itself with exceptional service. The market is very strong and there is always competition, however the business had its best year ever in 2016 and is on track to improve on that in 2017. The business enjoys an established niche market and that also leaves room for growth in other areas.

Reason for selling:

Current Owner has other business interest.

Support & Training:

Will train for 2 weeks @ no cost. An Oklahoma Dealers license is required to operate this business.

Contact Business Seller

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Business Listed By:

Geary Welch

Murphy Business Brokers