Auto, Insurance, Financing With Real Estate
Location California,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $2538952
Net Profit / Cash Flow $400000
Cash Flow Type EBITDA
Seller Finance No
Year Established 1987
Number of Employees 6 - 9
Inventory 425000
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Training Yes.
Reason for Sale Retirement.
Description Location: Central Coast, California.
Business Description: Auto Dealer - Used Cars, Offering Financing (Buy Here, Pay Here).
Price: $2,250,000 (includes real estate).
Inventory/Stock Value: $425,000 + Accounts Receivable $300,000.
Ownership structure: S-Corp.
Tenure: Owner.
Lease: N/A.
Rent: $5,500.
Size: 4,600 sq ft - Lot size 13,700 sq ft.
Employees: 2 PT 4 FT.
Monthly Payroll $40,000.
Operating Hours: 9am-5pm 7 days a week.
Licenses: Dept. Motor Vehicles, business.
SBA Qualified: Yes.
Current Owner years: 20.5 Years.
This business exists to offer the financially challenged the ability to be able to drive too. They are not as picky about appearance vs. usability - 20 years later it works! No other used car dealers from Goleta to King City use this format. This business has the ability to loan money at a higher percentage rate for greater return. The major weakness is dealing with high risk credit individuals, but knowing how to deal with them limits the risk. The ''system'' will be taught and disclosed a part of training after escrow has closed. The company specializes in auto sales, used cars, trucks and RV's, auto finance and auto insurance.
Facilities or Equipment: Huge lot holds over 150 cars, 4 car bays, 80-100 for sale and over 100-140 inventory offices and a fenced in security yard included in sale. The seller's inventory ranges from 80-100 for sale and over 100-140 inventory vehicles. The seller offers in-house financing with 35% add-on interest to qualified buyers with the notes usually spread over 12 months.
Click Here To Contact Seller
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