Business Overview:
Summary Description:
This Automobile Sales Company has been serving the
Southern California market and has a well-established
reputation for high quality sales and customer service
in the auto sales industry. ABC Motors is setting the
bar high with its sales and service to customers and it
sells an average of 45 cars per month located in Orange
County, California. The Company does not specialize in
any particular type of automobiles and sells sports
cars, sedans, SUVs, trucks, or whatever a customer is
interested in purchasing. Sometimes its customers
travel from other states to purchase cars from this
company because the automobiles are high quality and so
is the service. Many of their difficult-to-finance
customers are financed through a loyal third-party
source of lending with very little bad debt as a
result. Much of their customer base is Hispanic and
often times a first-time buyer of an automobile and
many pay cash. At this time there are 13 employees and
the company continues to grow very quickly with a
highly sustainable sales volume. The business is
located in a highly competitive market with a facility
that includes 90 cars on display. They currently have
approximately $284,000 of inventory and a flooring line
of credit. They get high marks from Internet sales
with four out of five stars for quality of customer
service and customers seem to be quite happy judging by
the comments made such as the following:
“ABC motors is the best dealership in OC they helped me
out tremendously getting my car at first i was worried
that because of my bad credit i wasn’t going to be able
to get in a new car ever again but the staff there
treat you like family so you feel comfortable with your
situation they give you great deals on their cars i
highly recommend this dealership to everyone”.
ABC does not provide a service-center for automobile
repairs and service. They simply merchandise and sell
automobiles. Although the company has been highly
successful, the reason for selling the business is
because one of the owners would like to return to the
restaurant business by opening his own restaurant.
Opportunity:
ABC Auto Sales represents a wonderful auto sales
platform with continued strong future growth for an
enterprising new owner to build upon. The solid
reputation for quality, exceptional service, customer
satisfaction, professional and experienced service,
poise the Company for continued growth. Under new
ownership a new service center could be added that
would provide additional revenues to the Company. There
are many ways to increase sales to ramp it up to a much
larger business.
The target markets for their auto sales are first-time
buyers, Hispanics and other foreign nationals, working
people that require the use of a truck, and local and
out-of-state buyers. Approximately 80% of all new
business comes by referral from a large base of
business that includes hundreds of customers.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Wants to open a restaurant
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.