Business Overview:
Great Used Car Lot with a Superior Business Model and a Grandfathered License. You will not find an easier to operate profitable business. Business has extremely clean financial records including tax returns that show the profitability. 1/2 Acre of land can either be leased or purchased. Principle and interest have already been built into the profitability. Seller is not present in the business. Owner/Opertor should earn 150K to 200K after all expenses. SELLER TO INCLUDE 200K in good recevables which will basically pay the qualified buyer to take over operations. Seller believes that profits are not optimized and that an active owner will earn significantly more than $250,000 each year. The average car is purchased for between $3000 and $5000 and half are sold at 100% markup. Between 20 and 30 cars are sold per month. The Southern Nevada market is on the rebound and 2011 sales are above 2010. 50% of all sales are financed in house and all the cars are floored by an outside company. A buyer should have a small amount of operating capital to continue opearting under the same business model. Seller may finance 399K at 8% interest with a 20 year amortization. For more details contact Alan Horwitz at sunbeltlv@gmail.com or 702-714-0229
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:
Other Business Interests
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.