LINVILLE, North Carolina
| Asking Price |
$2,250,000 |
Year Established |
2015 |
|
| Annual Revenue |
$2,000,000 |
Reason for Selling |
Retirement |
|
| Annual P/L |
|
Attention |
Bill Law |
|
| Annual Cash Flow |
$500,000 |
Listing Number |
999890 |
|
| # of Employees |
3 |
Business Category |
Automotive & Boats: Auto Retail - Auto Parts |
|
Business Overview:
Well established franchise dealership with only 2 in NC. Only large sales & service center for premier SUV manufacturer within a 2 hour radius. Wealthy customer base with second home owners in resort areas. Parent company was established in 1984 ad opened this point of sale in 2013.
This is the last store of the group as the principal sold his other Florida stores and is ready to retire. This store is close to his second home. 10,000 SF building on premium corner lot worth in excess of $1.5 Million included in ask price of $2.75 Million. Buyer will have to qualify for the franchise and floor plan lender.
Service department is very profitable. The equipment and inventory of vehicle parts and vehicles is $500,000 in other assets - seller willing to keep some or all inventory to make deal work. A tire store within walking distance sold for $5.3 Million last year. The majority of the business are CASH Sales. Some classic car sales as well. Seller is open to a 1031 Like Kind Exchange.
Motivated Seller looking to retire. Receptive to fair and reasonable offers.
Property Features and Assets:
10,000 SF Building which was formerly a Big 3 Auto Dealership Location situated on a corner lot with premium exposure to a high traffic road
Market Competition and Expansion:
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