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Businesses For Sale   >>   Auto Dealers Businesses For Sale

Established Used Car Dealer - Buy Here Pay Here

Location  Florida,United States
Asking Price Range  $250K - $500K
Gross Revenues  $678000
Net Profit / Cash Flow  $200000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2013
Number of Employees  1 - 3
Inventory  185000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Owned
Training  I will stay and train new owner for 3 weeks, or until he/she feels comfortable
Reason for Sale  Relocating

Description  
For sale is an established Used Car Dealership in Pensacola, FL. The business offers Buy Here Pay Here or On Lot Financing to customers with challenged credit. The business concept has been around for quite some time now, and it's beneficial to both the dealer and debtor. Pensacola, FL has what locals refer to as ''Car City'', and this business is located right in the center of all of this. On the same street as other Buy Here Pay Here dealers, and within hundreds of yards of 10+ franchise dealers. Customers come from all around the panhandle to buy cars in Car City, and the drive-in traffic alone is phenomenal for a used car dealer. What you will be getting as a purchaser is the real estate the business resides on, the inventory at the current time of purchase, and the entire ''book'' of accounts. The land is roughly 1.0 acres, and has a sales office, a closed in shop, an open shop, an ''outhouse'' building for employees, two auto lifts, and a section of the property fenced off for car storage, repairs, etc. The inventory fluctuates day to day, based on sales and purchases, but the rougt retail value of the inventory is usually $185,000 on average. For the business's ''meat and potatoes'', there's roughly $240,000 in A/R right now. This is received at a rate of approximately $15,000/month. That's right, with this small purchase, you'll immediately have $240,000 worth of A/R, and have $15,000/ month coming in just for sitting back and watching it flow! Keep in mind that you can still make ''Cash Sales'' just like any other car dealership, but you automatically have that $15k coming in, while most dealers have that automatically going out! This number will just keep growing and growing, the more cars you can get into the street! You don't have to pay rent, employees aren't really neccessary if you can work full time. It's all for you, and very very low overhead. I will stay on-site for three weeks and train the purchaser free of charge if he/she would like!


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