Used Car Dealership With Property - Auto Row Location
Location California,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $4000000
Net Profit / Cash Flow $500000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1978
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Training 6 weeks at 30 hours per week.
Reason for Sale Retirement.
Description This dealership specializes in premium pre-owned automobiles and trucks, with a healthy mixture of both luxury and high-end or highly customized sport utility vehicles. The nearly 1 acre lot is ideally located in a high visibility auto mall in a city that has recently instituted a moratorium on the opening of any additional auto dealerships. The sale comes with a recently constructed, state of the art 2,300 square foot vehicle showroom that could be successfully converted to a tidy new car dealership (e.g. Kia Motors) carrying nearly 200 autos in inventory. A Buyer could also add a parts and service area, with up to 4 bays to further expand the operation.
The inventory, valued at roughly $1 ml for 35 vehicles, is not included in the asking price. The seller will carry the inventory for 6 months at 0% interest.
This auto lot occupies nearly 1 acre, with prime main street frontage providing excellent street visibility, and excellent freeway access. This sale comes with a recently constructed 2,500 square foot showroom that houses several salesman, manager and owners offices, ad well as a conference room.
New management will seek to capitalize on the business's incredible location and market position. If properly capitalized, new owners will want to increase the vehicle inventory (they currently offer 35 vehicles), and explore offering boutique or classic autos, the ultra-luxury auto segment, or exotic autos. New owners may also seek to enter the highly lucrative business of auto financing, as this business is currently referred out. Finally, this dealership sources most of its vehicles from new car dealerships. New owners should explore vehicle sourcing alternatives such as auto auctions or expanding the trade-in business.
This opportunity is not available to co-broker. A Confidentiality Agreement and Buyer Profile will be required from all prospects. Asking $3,500,000. Contact for more information on this Used Car Dealership for sale.
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