High End SUV Car Dealership With Real Estate & Inventory Included
Asheville, NC Buncombe County
Asking Price:
$2,750,000
Annual Revenue:
$2,000,000
Request More Information Contact the Seller
- RE: High End SUV Car Dealership With Real Estate & Inventory Included
- Contact: Bill Law
Owner Financing is Available!
Seller will consider some financing for a qualified buyer
Quick Facts
| Asking Price: | $2,750,000 | |
| Annual Revenue: | $2,000,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $600,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $500,000 | |
| Real Estate: | $1,500,000 | |
| Year Established: | 2015 | |
| Employees: | 3 | |
| BBN Listing #: | SB-57131 | |
| Broker Reference #: | CHARLNC001-57131 |
Business Overview:
This car dealership specializes in selling upper end used and new SUV's to wealthy homeowners in the western NC Mountains. They also offer several lines of ATV's for sale or rental. The business has been established for over 10 years and the 70 year old owner is ready to retire. The seller owns a 10,000 SF building on a premium corner lot. The real estate is likely worth well in excess of $1.5 Million and is included in the asking price of $2,750,000 with the business, equipment, inventory of vehicles and parts estimated at $500,000 in other total assets. The seller will consider a 1031 Like Kind Exchange on the real estate and may consider some Seller financing on a Buyer for Buyer basis. He comes into the office each day for about 4 hours but has a full time sales person and two service technicians. The majority of the sales in this business are CASH sales as the customer base is largely wealthy home owners with a second home located in resort areas of the western NC region. They have an exclusive agreement with one entertainment vehicle manufacturer that has high end products in the ATV industry. Classic Car sales are also popular items for this company. Last year they sold 3 vehicles alone for $1.2 Million. Seller has stated that they usually have about $2 Million in total annual sales with very high profit margins. The service department contributes greatly to the bottom line. Interested parties will need to provide a Confidentiality Agreement and other documentation in order to receive information about this business.Contact the Seller:
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.
Property Features and Assets:
10,000 SF Building which was formerly a Big 3 Auto Dealership Location situated on a corner lot with premium exposure to a high traffic roadReason for Selling:
RetirementAdditional Details:
- The property is owned.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more North Carolina businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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