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High Traffic Used Car Dealership In Michigan For Sale

Michigan, US
Asking Price:
On request Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$3,525,609
Cash Flow:
$177,848

Located in the Lakeshore Community in West Michigan, the Company is a premier used car dealership offering a wide selection of pre-owned vehicles, collector cars, and a dedicated automotive services division. With a rich history spanning much of the 20th century, the Company has garnered extensive experience, enabling it to adeptly navigate any challenges it faces.

The Company distinguishes itself from the competition by providing a range of vehicles, from everyday used cars to vintage classics. This is complemented by effective business processes, a strong online presence, and a proprietary customer database. Additionally, the Company's long-standing relationships with suppliers and compliance track record form a solid foundation for continued business growth and expansion.

The current ownership operates out of two facilities: the main facility, which houses the service department, offices, and dealership, and a secondary facility primarily used for storage. As the owner prepares for retirement, he has developed a succession plan to ensure a smooth transition of leadership. Committed to the Company's continued success and growth, the owner is willing to stay on part time for a few years post-closing. Ownership is seeking a buyer who can lead the Company into its next phase of growth and continue its legacy in Michigan.

Along with being ideal for car dealerships, the facility would also be a prime location for a full-service auto repair center or a powersports dealership.

Buyers will be required to have a minimum of $500,000, solid credit, and preferably industry experience to qualify for financing.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL.

Once we receive your NDA and answers to some basic questions, the Confidential Information Memorandum (CIM) will be sent to you by the project manager.

IF YOU DO NOT RECEIVE A FOLLOW-UP EMAIL AFTER YOU SUBMIT YOUR NDA, PLEASE CHECK YOUR JUNK MAIL FIRST.

Property Information

Real Estate:

Real Property Included

Location:

West Michigan Lakeshore Community

Premises Details:

The Company currently operates out of two facilities on the same lot. Total: 24,412 sq. ft. Facility 1: 18,012 sq. ft. / Facility 2: 6,400 sq. ft.

Business Operation

Expansion Potential:

Growth Opportunities Include:
1. Product Expansion
2. Service Department Buildup
3. Tapping in New Markets

Competition / Market:

Investment Highlights Include:
1. Seamless Online Platform
2. Diverse Customer Base
3. Robust Business Software and Processes

Reasons for selling:

Ownership is seeking to retire.

Employees:
11
Years established:
61

Other Information

Support & training:

Ownership is willing to provide an extended transition period and continue to support the Company’s growth following the completion of a transaction.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Limited Seller-Financing Available for Qualified Buyers.

Furniture / Fixtures value:
$163,098 - included in the asking price
Inventory / Stock value:
$957,405 - included in the asking price