Profitable, Market Leading Northern Michigan Ford Dealership

Business
  • Listing# : 16098
  • Listed Price : $1,800,000
  • Total Sales : $5,023,207
  • SIC : 5511
  • Down Payment : $180,000
  • Status : Active
  • Discretionary Earnings : $377,908

Business Type :

Automotive / Auto Dealership, Automotive / Auto Used Cars, Automotive / Auto General Repair

Business Description :

Outstanding Ford dealership opportunity located in beautiful Northern Michigan is available for immediate sale.  This opportunity is ideal for first-time owners, dealers looking to add-on or diversify their existing brand portfolios, or for buyers looking to enjoy a smaller market store and higher quality of life.   Located in a picturesque market, this community features year-round attractions from boating and golf activities in the summer to skiing and snowmobiling in the winter.  And the Ford dealership business opportunity is very attractive:

  • Established -- a seven-decade old successfully-owned family business.
  • Profitable  -- a four year average cash flow of $350,000.
  • Diversified -- offering includes an on-site self storage business.
  • Facility -- an updated, image-compliant facility is included in the offer price. 
"Built Ford Proud" is one the strongest, most revered, and powerful automotive brands in the world and features a full line-up of stylish crossovers (Explorer), purposeful sport utilities (Bronco), iconic muscle cars (Mustang), and the best selling vehicle in the USA for over 4 decades (F-150).  In addition, Ford has aggressive plans underway to launch a stable of world-class electric vehicles starting with the just launched Mustang Mach-E.   Ford has historically been and continues to be one of the most sought-after franchises in the industry.

During 2020 (through November) this dealership generated almost $5 million in top-line revenue, delivered $377,000 in bottom line cash flow, and held a market leading 25.7% share of industry.   After many years of successful operation, the present owners are seeking to retire and identify a new owner to take their family business to the next level.   
 
FINANCING AVAILABLE.  This business has been lender pre-qualified for the business and real estate for up to 90% financing (for 25 years) to qualified candidates subject to full underwriting.  See term sheet for additional details. 

Important Disclaimer …. Please note that the successful transition of this business will require approval from the Ford Motor Company.  Prior successful automotive franchise ownership experience and/or automotive franchise general management experience, access to sufficient working capital, strong character profile, and a robust orientation to customer satisfaction are required approval criteria.   If you personally do not possess a franchise automotive resume, you will need to have a partner (equity or non-equity) or a successful general manager who has a proven franchise automotive track record as part of your ownership proposal. 
    
 

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $700,000
    • Incl : Yes
    • Inventory $42,082
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $100,000
    • Incl : Yes
    • Other: $231,550
    • Incl : No
    • Leasehold $0
    • Incl :
    • Total Assets $842,082
    • Incl : Yes

Lender Prequalified: Yes

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