MergerPlace

Prev. Owned Auto Sales & Financing

Texas


  • Asking Price: $2,400,000
  • Gross Income: $3,432,678
  • Cash Flow: $238,195
  • Real Estate: $550,000
  • Inventory: $396,985
  • FF&E: $31,500
  • Listing ID: #197080
  • Established: 1999
  • Employees: 4 FT

Business Description

Murphy Business & Financial Corporation is pleased to present an outstanding opportunity for anyone who wants to be in the car business. This particular engagement focuses on the used car market. However, this business separates itself from the competition by providing financing for their customers. They provide a better inventory of autos, ensure they are in excellent condition and have a no pressure approach. This is a very clean operation. The valuation of this business is based on 4 components: the inventory of cars at cost; the amount of principal and interest owed to seller; the real estate the purchaser will buy; and the cash flow – goodwill portion of the business. A buyer will quickly see how and why they are so profitable. Call me today to gain a closer look at this business opportunity.


Business Details

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

Company Information

Year Established: 1999
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 4 FT

Financial Information

Asking Price: $2,400,000
Gross Revenue: $3,432,678
Cash Flow: $238,195
FF&E: $31,500
Inventory: $396,985
Real Estate: $550,000
Seller Financing Available: Yes

Property Information

Facilities:

The business is located on 1.1 acres in a high traffic, visible location, featuring 35,000 square feet of office space and a shop that is 14,000 square feet.

Growth & expansion opportunities:

The potential for growth is to create more sales and increase the number of outstanding notes. There is very little profit in the initial sale of a vehicle. Collecting principal and interest from 150 notes is a better way to make a profit.

Competition:

There are many used car lots around town and nearby, but this business separates itself from the competition by providing financing for their customers. They provide a better inventory of autos, ensure they are in excellent condition, and have a no pressure approach. This is a very clean operation.

Reason for selling:

Owner wants to start a sports related business.

Support & Training:

Will train for 2 weeks @ no cost. The owner manages the inventory of vehicles on the lot, purchases autos from auction or through an individual, manages the shop/make ready area to ensure that the cars are clean and show well. He manages the financing end of the business, checking receivables and which cars need to be moved. He is always looking for good buyers, creative financing, and good employees.

Contact Business Seller

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Business Listed By:

Don Wendel

Murphy Business Brokers