Car Dealership Business with Real Estate --PENDING

Not Disclosed, MI
Oakland County


Asking Price: Annual Revenue:
$875,000 $4,803,470

Automotive & Boats: Dealerships - Auto, Truck, Motorcycle


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RE: Car Dealership Business with Real Estate --PENDING Broker: Inquiry

Quick Facts

Asking Price: $875,000
Annual Revenue: $4,803,470
Net Profit: Not Disclosed
Cash Flow: $1,037,668
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $575,000
Year Established: 1991
Employees: 7
BBN Listing #: 1592679
Broker Reference #: B2652

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Business Overview:

Our firm is excited to offer this profitable and long-established used car dealership business with prime real estate. This business is located in SE Oakland County on a busy road surrounded by dense residential neighborhoods. The owners started this business in 1991 and have grown the company to sell between 700-800 high-quality vehicles at great prices annually. The price point for most of their cars is between $3,500 and $12,500. Most of their customers are repeat customers and are located within a 10-mile radius of their location.

Approximately 50% of their sales are cash sales, and a third-party lender finances the rest. Most sales are handled by two sales associates, two porters, and one office administrator. The owners do minimal marketing, and most of their sales are generated through referrals, repeat customers, classified listing sites, and their website. The dealership maintains approximately $450,000 in inventory at a given time and can display up to 150 vehicles comfortably at their lot. Most of the inventory is purchased from auctions, and the remaining is purchased through trade-ins, the open market, and other dealerships. Based on the business tax returns, the total cash flow to the owners in 2021 was $1,037,668 with total sales of $4,803,470. The owners have enjoyed a very successful run with this business. They are now ready to semi-retire and slow down, which is why they decided to put this excellent business and the real estate for sale. Give us a call today to learn more about this lucrative and turn-key business.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Retirement

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.

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