Business Overview:
Opportunity to acquire a Buy Here Pay Here Auto Dealership in an amazing location, real estate is also available for sale!
Established for over 20 years.
This business has an excellent book of business, with very few defaults.
Currently, there is close $1,000,000 in accounts receivable.
Accounts Receivable is available for sale as well for an additional price of 80% of current accounts receivable balance at closing. The current receivables brought in an additional $190,000 in interest income last year.
The business is located with frontage off a main road with over 23,000 cars driving by per day. It is a 1-acre property, office, bay with lift, parking lots, and one additional suite/office that has been traditionally rented to other businesses. Real estate is not included in asking price. Asking Price for Real Estate is $1,500,000. Only one of two suites is currently being used, so a new owner could rent out the other suite to another tenant.
Current inventory is not included with asking price, and estimated to be $60-$70,000 at closing.
Business has stellar reviews online and has received Top Dealer Award from Car Gurus.
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Reason for Selling:
Retiring
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.
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