Business For Sale

Well Established Used Car & Finance Business

Not Disclosed, NC
Wake County


Asking Price: Annual Revenue:
$583,000 $2,583,335

Automotive & Boats: Dealerships - Auto, Truck, Motorcycle


Request More Information
Contact the Seller

RE: Well Established Used Car & Finance Business Broker: Don Emmett
Owner Financing is Available!
$116,600 down/$39,500 for 36 months @ 8%

Quick Facts

Asking Price: $583,000
Annual Revenue: $2,583,335
Net Profit: Not Disclosed
Cash Flow: $259,053
Total Debt: Not Disclosed
FF&E: $500
Real Estate: Not Disclosed
Year Established: 2008
Employees: 12
BBN Listing #: 50254955
Broker Reference #: 1310-14330

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

This tremendously profitable car business & finance portfolio consists of the retail sales of pre-owned automobiles and a loan portfolio (Buy Here, Pay Here program). The price includes well proven Retail business model, “Buy Here Pay Here” Loan program, a loan portfolio (approx. $138,000), and Retail Car inventory (approximately $45,000). The business focuses on buying and selling a variety of below market value vehicles (retails from $8,000 to $3,000) that are available for purchase or loan from in-house financing program (29% interest!). The "Buy Here-Pay Here" program includes a GPS unit with an ignition shut-off feature to limit delinquencies and defaults. The vehicles are optimal for family car needs and/or for daily utility use. In the ten year history of the company, many customers come back year after year to upgrade. The company has a well-trained staff and manager in place.

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.

Property Features and Assets:

The business is located in a booming Research Triangle Town. The business' retail vehicles are located on a paved and gravel lot with a brick building containing space for 3 to 4 associates. The property measures 0.7 acres in total. The rent is $950/month! The current use is "grandfathered" in, (Increasing barriers to entry). The Current owner chooses to keep approximately 20 vehicles on the lot, which has room for up to 50 if desired. Assets= $185,680

Market Competition and Expansion:

The Industry is in strong growth mode. As the price of new cars continues to skyrocket, these "affordable" and financeable vehicles are increasingly a necessity with little to no public transportation in the area. There are two similar businesses in the area, however customers are acquired via the internet and from 10 years of satisfied customers making repeat buys. Competition is for eyeballs online, less so, by similar nearby businesses. The Seller is a natural "Coach" that has been in the Auto business 30+ years, and looks forward to "coaching" the buyer in the "Art & Science" of the "pre-owned" auto sales business! This business will grow by increasing the retail inventory (carrying more vehicles on the retail lot), and/or expanding the wholesale part of the business (seller will train). Additional opportunities include adding better lighting and upgrading signage and landscaping.

Reason for Selling:

The business owner is nearing 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.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!