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Business For Sale
AUTO USED CARS
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Asking Price: |
$4,500,000
USD USA Dollars
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Business for Sale Industry: |
Auto & Mech: Retail
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Reason for Selling:
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Owner Retiring. |
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Year Established:
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1983 |
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# of Employees:
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4 Full Time/1 Part Time/1Managers |
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Yearly Cash Flow:
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$129,762 |
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Yearly Gross Income:
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$862,468 |
Business for Sale Overview:
Highly successful Buy Here-Pay Here Used Auto dealership in business for 25 plus years. Owns entire block of 1.8 acres zoned C2 & has 300 feet of direct frontage on Major Highway. Sells an average of 16 cars per month.Approximately $850,000 in A/R at 18% interest. Starter Interrupt GPS installed in cars keeps repos at 10% or below. County not offering new permits for car dealerships. Makes this an ideal buy.
Property Features and Assets:
2,564 square feet. Free Standing Building.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for 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.
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