Business for Sale Overview:
Privately held used car dealership in southeast Kansas City that has been proudly serving the metropolitan area for over 13 years. The company continually offers reliable, high quality vehicles to its customers at competitive prices with no hassles. The company has a long history of customer satisfaction and reputation, 90% of customers are repeat customers or referrals.
Company offers a unique opportunity to invest in a sound business completely secured by a $1.6 million dollar plus consumer loan receivable from Credit Acceptance Corporation (NASDAQ: CACC). Credit Acceptance Corp generates over $300 million dollars in annual sales and has been in business since 1972 and specializes in providing auto loans to consumers throughout the nation, regardless of their credit history. Auto dealers who participate in the financing programs assign the responsibilities for administering, servicing, and collecting the amounts due on Consumer Loans from the dealer to Credit Acceptance Corp. In return, auto dealers share in the profits from not only the sale of the vehicle, but also from its financing. The Company, as dealer-partner with Credit Acceptance Corp, is expected to begin receiving payment on it’s receivable in fall of 2009, so any investor can expect to see an immediate return on his/her investment.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.