High Traffic Used Car Dealership
Not Disclosed, MI Not Disclosed
Lakeshore Community - West Michigan
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- RE: High Traffic Used Car Dealership
- Contact: Calder Capital
Quick Facts
| Asking Price: | $0 | |
| Annual Revenue: | $3,525,609 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $177,898 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $163,098 | |
| Real Estate: | $1,650,000 | |
| Year Established: | 1963 | |
| Employees: | 11 | |
| BBN Listing #: | 948068 | |
| Broker Reference #: | 259 |
Business Overview:
Located in theLakeshore Community in West Michigan, the Company is a premier usedcar dealership offering a wide selection of pre-owned vehicles, collector cars,and a dedicated automotive services division. With a rich history spanning muchof the 20th century, the Company has garnered extensive experience, enabling itto adeptly navigate any challenges it faces.
The Companydistinguishes itself from the competition by providing a range of vehicles,from everyday used cars to vintage classics. This is complemented by effectivebusiness processes, a strong online presence, and a proprietary customerdatabase. Additionally, the Company's long-standing relationships withsuppliers and compliance track record form a solid foundation for continuedbusiness growth and expansion.
The current ownershipoperates out of two facilities: the main facility, which houses the servicedepartment, offices, and dealership, and a secondary facility primarily usedfor storage. As the owner prepares for retirement, he has developed a successionplan to ensure a smooth transition of leadership. Committed to the Company'scontinued success and growth, the owner is willing to stay on part time for afew years post-closing. Ownership is seeking a buyer who can lead the Companyinto its next phase of growth and continue its legacy in Michigan.
Alongwith being ideal for car dealerships, the facility would also be a primelocation for a full-service auto repair center or a powersports dealership.[NB1]Â
Buyers willbe required to have a minimum of $500,000, solid credit, and preferablyindustry experience to qualify for financing.
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Property Features and Assets:
The Company currently operates out of two facilities on the same lot. Total: 24,412 square feet.Facility 1: 18,012 square feet / Facility 2: 6,400 square feet.
Market Competition and Expansion:
Investment Highlights Include:
1. Seamless Online Platform
2. Diverse Customer Base
3. Robust Business Software and Processes
Growth Opportunities Include:
1. Product Expansion
2. Service Department Buildup
3. Tapping in New Markets
Reason for Selling:
Ownership is pursuing retirement.Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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