Automotive / Auto Dealership
This is a once in a lifetime opportunity to purchase an established, profitable Ford dealership and market territory that is located just 25 miles from Raleigh, the capital of North Carolina.
The business features world-class products from Ford Motor Company, including the iconic Mustang and best-selling F-Series trucks. This business was established in 1994 and has a solid record of profitability. Last year, top-line revenues topped $4 million and the business delivered over $400,000 in cash flow. The planning volume for the market is 240 new vehicles and the 10-year units in operation (UIO) are 3,897. Although the present operation is focused primarily on the sale of used commercial vehicles, there is excellent potential to improve new vehicle sales, parts, and service profit contribution.
The surrounding trade area is growing with an estimated 2018 population base of 40,965 with average household incomes over $61,000 (based on ESRI Demographics).
The business has also been pre-qualified for an attractive financing package. A sales and profit forecast highlighting the future potential of the dealership is also included in the marketing prospectus.