Specialty New and Used Auto Dealership

Not Disclosed, UT
Salt Lake County


Asking Price: Annual Revenue:
$1,200,000 $2,195,100

Automotive & Boats: Dealerships - Auto, Truck, Motorcycle


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RE: Specialty New and Used Auto Dealership Broker: Saul Komisar
Owner Financing is Available!

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $2,195,100
Net Profit: Not Disclosed
Cash Flow: $285,000
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 1975
Employees: 3
BBN Listing #: 254749963
Broker Reference #: 1401-428978

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Business Overview:

Successfully in Business for Decades!

This specialty automobile dealership has been in business at the same location for decades. The dealership is the first of its kind in Utah and has been consistently profitable over the years. Located in the Salt Lake Area on a highly trafficked street, the company has an excellent online presence, long-standing supplier relationships, and rights to sell many of the world’s premier automotive brands. Inventory at any given time is around $100,000, not including floor plan vehicles. So far, in the first eight months of 2020, profits are ahead of last year, even with the COVID pandemic and shelter in place orders.

Business Highlights:
• Successfully in Business for Decades • SBA Pre-Approved • Covid-19 Essential Service Business • Recession Resistant Business Model • Large Exclusive Territory • Consistent Year over Year Sales • Right of First Refusal to Acquire Additional Territories • Excellent Demographics that Bode Well for Future Growth • Unique Business Model with Limited Competition • Identified Areas for Future Growth • Certified Mechanics • Little Client Concentration • Diversified Revenue Stream • Ample Source of Supply for Products • Records and Accounting Kept in Pristine Condition.

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Market Competition and Expansion:

This company sells specialty automobiles, so there is a limited amount of direct competition. The current owner has also worked to cultivate fantastic relationships in the community, through a customer-focused business model that delivers excellent value and one-of-a-kind service. Additionally, the company has a vast, exclusive territory to sell its vehicles, further diminishing the competitive risk. Beyond expected population growth in the area, the company also stands to benefit from fantastic demographics over the next twenty years. Additionally, the purchase includes a right of first refusal for the purchase of additional territory rights. There are other proprietary areas of growth identified by the current owner, which will be shared with the new buyer.

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.

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