MergerPlace

Long Standing Used Vehicle Business

Virginia


  • Asking Price: $1,999,999
  • Gross Income: $22,385,510
  • Cash Flow: $1,342,654
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $100,000
  • Listing ID: #203658
  • Established: 1999
  • Employees: 17 FT

Business Description

Turn Key, Extremely Profitable, Long Standing Used Vehicle Dealership For Sale! This 18 year old successful business generated over $22 million in sales revenue in 2016 and over $1.3 million in bottom line cash flow. The dealership is located on a high traffic boulevard with excellent accessibility, visibility and plenty of convenient customer parking. This is a turn key operation for a motivated buyer: a loyal, stable and professional automotive team is already in place, the owner has between 150-200 vehicles in stock (inventory not included in asking price, but available at cost), a proven location for selling used vehicles and a long standing record of excellent profitability. Bank Financing available to qualified buyers ... the business has been pre-qualified for acquisition price and working capital -- inquire for term sheet details!!


Business Details

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

Company Information

Year Established: 1999
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 17 FT

Financial Information

Asking Price: $1,999,999
Gross Revenue: $22,385,510
Cash Flow: $1,342,654
FF&E: $100,000
Seller Financing Available: No

Property Information

Facilities:

The business operates out of an attractive, well maintained 4,800 sq. ft. freestanding building with a showroom, office and repair shop sitting on .87 acres. The location is excellent and situated on a busy, high traffic commercial street which is perfect for retailing used vehicles. The rent is very competitive at $8,750/month with approximately 2 years left and three (3) 5-year options.

Growth & expansion opportunities:

The long standing business is extremely stable, profitable and successful. The potential for growth lies in the ability to do more of the same but do so more efficiently and effectively, including leveraging technology to expand market territory, larger inventories and staff and expanding mix of higher level premium vehicles.

Competition:

The used vehicle market has been robust for many years running now as evidenced by the consistent top line revenue and profitability of this business. There is somewhat limited used vehicle competition in this area especially along this location.

Reason for selling:

Owner is retiring to pursue other interests.

Support & Training:

Will train for 4 weeks @ no cost. The business generates revenue from three sources: 1. Used Cars and Trucks 2. Financing and Warranty Products 3. Gap and Product Insurance

Contact Business Seller

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Business Listed By:

Hal Feder

Murphy Business Brokers