Buy Here Pay Here Car Dealer w Loan Pkg Avail.

Houston, TX
Harris County


Asking Price: Annual Revenue:
$249,000 $1,366,305

Automotive & Boats: Auto Retail - Auto Parts


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RE: Buy Here Pay Here Car Dealer w Loan Pkg Avail. Broker: Robert Latham

Quick Facts

Asking Price: $249,000
Annual Revenue: $1,366,305
Net Profit: Not Disclosed
Cash Flow: $121,764
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: $1,395,000
Year Established: 1979
Employees: 3
BBN Listing #: 655644107
Broker Reference #: 76931-858591

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Business Overview:

This "Buy Here - "Pay Here" Used Car Dealership ideally located for low price point vehicles and dealer financing at very high interest rates. Also perform minor repairs and state inspections. In business at the same location for over 40 years. Typically has 15-20 cars on the lot, moves 20-30 cars per month.

The financing portfolio has a face value of approximately $475,000 and if desired, can be purchased at a significant discount to face value.

Property owner has property under contract, Buyer of this business will likely need to plan to relocate by the early part of 2021.

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Property Features and Assets:

Currently owned by the Seller, the portion of the property used for the used car business will be leased to the Buyer at $4,950.00 per month. Option to purchase the real estate is available and is valued at $1,395,000.00.

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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