NOT DISCLOSED, Michigan
| Asking Price |
$410,000 |
Year Established |
1980 |
|
| Annual Revenue |
$1,292,185 |
Reason for Selling |
Retirement |
|
| Annual P/L |
|
Attention |
Jeffrey Hoag |
|
| Annual Cash Flow |
$12,034 |
Listing Number |
946184 |
|
| # of Employees |
2 |
Business Category |
Automotive & Boats: Dealerships - Auto, Truck, Motorcycle |
|
Business Overview:
Don’t miss this incredible opportunity to own a well-established used car dealership located in the heart of West Michigan. With over 43 years of successful operation, this dealership has built a strong reputation for reliability, honesty, and exceptional customer service, all while maintaining consistent sales revenues. This transaction includes the business and prime real estate comprised of over 9 acres of land and a 2000 square foot building. Vehicle inventory is also being offered as part of the sale, but is not included in the asking price. Average vehicle inventory is approximately $300,000.
The Owner works in the business approximately 30 hours per week and has two part-time employees who work a total of 22 hours per week. Primary Owner responsibilities include sales, inventory acquisition and general business activities. The dealership is open 5 days a week, including limited weekend hours.
Property Features and Assets:
<p>Facilities: The dealership's real estate includes over 9 acres of land, providing ample space for vehicle display, storage, and expansion. Additionally, the property features a 2,000 square foot building with office space, 3 service bays, and customer amenities. This prime location offers immense potential for future development and growth opportunities. The building is constructed on 4.79 acres of land with municipal water and a recently updated drainfield. The sale includes an adjacent undeveloped 4.47-acre parcel for a total road frontage of nearly 290 feet.</p>
Market Competition and Expansion:
<p>Competition: </p><p>Despite being in operation for 40 years, this dealership continues to thrive in a competitive market. Its success can be attributed to several key factors:<br>1. Reputation: The dealership has built a strong reputation for honesty, integrity, and reliability. Customers trust the dealership to provide quality vehicles and exceptional service.<br>2. Wide Selection: With a diverse inventory of used vehicles, ranging from economy cars to luxury SUVs, the dealership caters to a broad spectrum of customers' needs and budgets.</p><p>Expansion: </p><p>While the dealership has enjoyed considerable success over the years, there are several opportunities for further growth and expansion:<br>1. Online Presence: Investing in digital marketing and e-commerce capabilities can help the dealership reach a wider audience and attract customers from beyond its immediate vicinity.<br>2. Expanded Services: Diversifying the range of services offered, such as additional financing options, vehicle detailing and customization, can enhance customer satisfaction and loyalty.</p>
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