Seller's Contact Information
- RE: Highly Profitable Car Dealership And Growing Re...
- Contact: Kristen Schindler
Quick Facts
Asking Price: | $2,500,000 | |
Annual Revenue: | $2,585,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 2017 | |
Employees: | 6 | |
BBN Listing #: | 193964548 | |
Broker Reference #: | EDWRDVL001-52724 |
Business Overview:
The business was started in 2017 and has two areas it focuses on with both used car sales and a repossession yard. The repossession side of the business was added in 2020. Both are profitable in the market and growing. The car sales side of the business has historically been the bigger of the two portions with 75% of the profit stream being realized from this aspect. The repo side of the business is growing by leaps and bounds with this year's numbers far outweighing last year's numbers at this same time. The repo side of the business is trending to be a hot market for the next 10 years with the effects of COVID and the financial ramifications of that. Currently, the repo side of the business is 25% of the business.
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Reason for Selling:
Owners are entrepreneurs and looking to move on to the next adventure
Additional Details:
- The property is owned.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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