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Listed by:

Ace Business Brokers

Broker license number: 01820673

Dmv Approved Used Car Dealer Professionalism Pays For Sale

California, US
Asking Price:
$100,000
Sales Revenue:
$777,800
Cash Flow:
$50,000

Confidential Information Memorandum (CIM) available upon receipt of our short online NDA - visit here:

Launched in Texas in 2015, the dealership operates like an automotive concierge service by seeking high-quality, in-demand vehicles that discriminating, value-oriented buyers will pay top dollar for. With just a $10k investment, the Seller built a revolving 30-car inventory within two years. With an inside track to the used car inventory of a nationwide dealership that auctions cars, but unlike many auction houses, allows pre-bid test drives and inspections before purchase. This enables the dealer to buy higher quality cars with less risk and greater potential for both profit and happy customers.

After purchase, as needed, cars go to respected mechanics, a body shop for exterior touch ups, then for a comprehensive detailing to make the cars sparkle inside and out before it’s professionally photographed and posted for sale online.

Cars are posted for sale on popular sites like Car Gurus, Craigslist, Cars.com and Facebook market place with software that enables posting to multiple sites at once. Cars are also posted to the Company’s professional website and on social media.

Finding a location that was both DMV approved and acceptable by local county and city ordinances was a challenge. But he found the right place, configuration which includes a central business office and an offsite car lot. To someone who wants to be a private dealer or open a branch of another dealership, this is the opportunity’s great value, the Seller said.

He has averaged 6 to 8 cars per month, bringing in nearly $777,500 in sales in 2019 was grossing $20,000 a month in profits.

NDA is required {LINK ABOVE} to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

Property Information

Premises Details:

Facilities: Small, professional office that is DMV approved is in a nice area for $650 per month. Warehouse or storage lot for cars vary depending on location. Seller was paying $2,000 per month for a secure spot less than two miles from the office.

Business Operation

Expansion Potential:

Depends on funding to purchase cars and a convenient place to store them. The Seller recommends that the Buyer work with his team of experts and hire someone three staff – one to research purchases, one to oversee the detailing process and one strictly for sales and marketing.

Competition / Market:

Bulk used car sales lots are everywhere in California. Few have trusted reputations. This small, concierge-level dealer looks to make money and a reputation by finding high-end cars at value prices and make shopping for a car and buying one, a more personal, professional experience with a greater level of (earned) trust. It works, his reviews are consistently high.

Reasons for selling:

Transporting cars from TX to CA presented logistics investment opportunities.

Employees:
1
Years established:
3

Other Information

Support & training:

For few weeks to make introductions to the contactors and go through the buying and reselling process that has created his success or as negotiated.

Listed by

Ace Business Brokers

Broker license number: 01820673

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