Owner Financing is Available!
Business Overview:
This business exists to offer the financially challenged the ability to be able to drive too. They are not as picky about appearance vs. usability – 20 years later it works! No other used car dealers from Goleta to King City use this format. This business has the ability to loan money at a higher percentage rate for greater return. The major weakness is dealing with high-risk credit individuals, but knowing how to deal with them limits the risk. The “system” will be taught and disclosed a part of training after escrow has closed.
The company specializes in auto sales, used cars, trucks and RV’s, auto finance and auto insurance. Huge lot holds over 150 vehicles, 4 vehicle bays, 80-100 vehicle for sale and over 100-140 vehicles in inventory. Offices and a fenced in security yard included in sale. The seller offers in-house financing with 35% add-on interest to qualified buyers with the notes usually spread over 12 months.
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.
Property Features and Assets:
4,600 sq. ft. building; 13,700 sq. ft. lot
Reason for Selling:
Retirement
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.