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Businesses For Sale   >>   Auto Dealers Businesses For Sale

Auto Brokerage With Innovative Web Approach

Location  California,United States
Asking Price Range  $2.5M - $5.0M
Gross Revenues  $1200000
Net Profit / Cash Flow  $661592
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2012
Number of Employees  6 - 9
Inventory  10000
Relocatable  Yes
Number of Employees  6 - 9
Real Estate  Leased
Training  2 weeks at 20 hours/week
Reason for Sale  Other Business Ventures

Description  
This relatively new and innovative (less than 2 year old) web based auto brokerage has developed a multi-faceted simple, convenient and cost effective method for selling and leasing autos that customers and dealers have embraced. The business, which operates out of a non-descript office complex, could be readily expanded or relocated with minimal operational impact. The firm's sales persons are independent contractors with basic knowledge of the auto industry, whereas its many satisfied clients are derived from two sources. Clients who wish to lease new autos come directly from the company's web presence and customer referrals, while the company has developed a unique market niche to be the de facto preferred used auto sales provider for credit unions (where the company maintains an onsite staffer). Roughly half of the business comes from each source, while roughly half of the business is derived from used auto sales versus new car leases. Asking Price $2,500,000 This web based business operates out of a 1,200 sq. ft. office that has 4 independent contractor customer service agents. Another 3 agents are at credit union partners. The office leases for $2,300/month on a variable term lease. The business requires approximately $100,000 in working capital in addition to asking price. This company has several avenues for potential immediate growth include: 1. expanding the office size; it is less than 2 years old & only has 4 officer staffers, 2. licensing or franchising the concept as the website and business model have already proven successful in alternate test markets, or most likely, with additional credit unions 3. increasing lease prices to generate higher revenues per transaction, 4. bolstering advertising on additional auto related sites, or to target a larger geography 5. engaging in search engine optimization or pay per click programs, 6. hiring a public relations firm to generate more indirect interest, or 7. Leveraging their web presence


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