Automotive Financial
Location California,United States
Asking Price Range < $250K
Gross Revenues $250000
Net Profit / Cash Flow $100000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2000
Number of Employees 1 - 3
Inventory 10000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will train.
Reason for Sale Retirement.
Description This Automobile Financing company has been around for the last 8 years in the area which is close to so many car dealerships in Santa Ana. The primary focus of this business is financing used cars for auto dealerships customers with less favorable credit. They buy automobile finance contracts which have finance charges of 10-24% from dealerships with 5-20% discount off of face value of the contracts.
According to the owner this is very good business and there is a great opportunity to expand regionally and/or nationally. Owner is willing to train and teach the secrets of the trade and willing to stay with the new owner for about 2 months.
This business is in exiting area of automobile financing with great income and favorable business hours. Buyers with good credit may qualify for working capital from a bank and expand the business very rapidly. Current owner has different businesses to take care of and do not have enough time to devote to this business. He is retiring from Automobile Financing business. Contact for more information on this Automotive Financial business for sale.
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