Tidewater Pre-Owned Auto Business -- Prime Location

  • Listing# : 14064
  • Listed Price : $775,000
  • Total Sales : $1,928,038
  • SIC : 5521
  • Down Payment : $155,000
  • Status : Active
  • Discretionary Earnings : $238,634

Business Type :

Automotive / Auto Used Cars, Automotive / Auto Broker

Business Description :

Profitable, Established Pre-Owned Auto Business in Prime Tidewater Virginia Location! This 10 year old successful business generated almost $2 million in top line revenue in 2017 and $238,000 in bottom line cash flow. The dealership is located on a high traffic boulevard with excellent visibility and accessibility. This operation is primed and ready for higher growth and profitability - excellent location, loyal customer base, plentiful inventory (valued at $225,000 and included in the asking price), service bay, equipment, signage. All that is missing is new sales leadership, a more aggressive marketing plan and the addition of more trained sales personnel. The business also includes a great "buy here, pay here" receivable portfolio valued at $120,000 and growing every month. This deal will not last very long ... very motivated seller wants to move on to his other business interests and overseas obligations.  

SPECIAL FINANCING AVAILABLE ... 
This business has been lender pre-qualified - including a business acquisition, working capital and closing cost loan. Only 20% down payment ($155,000), lender financing for 10 years at 7.5% to qualified buyers, monthly payment of $7,122.  

Assets/Liabilities:

    • Accounts Receivable $120,000
    • Incl : Yes
    • Real Estate $0
    • Incl :
    • Inventory $225,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $5,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $350,000
    • Incl : Yes

Lender Prequalified: Yes

Similar Listing :

Automotive