A chance to own a small used car dealer that provides plenty of opportunity for growth and an amazing lifestyle. With Adjusted EBTIDA figures averaging over $1,500,000, this opportunity is suited well for an owner/operator or investor that has a strong operator. Located in a highly desirable area in the Pacific Northwest, this lot could be used for expansion of an existing dealership to gain traction in a new market or for someone looking to start their first dealership.
- Asking Price:
- $1M - $5M Furniture / Fixtures included
- Sales Revenue:
- $36,415,403
- Cash Flow:
- $2,412,136
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Seller owns the property as is willing to lease it to buyer at market rate. Seller has been paying themselves market rate of roughly $175,000 per year.
- Leasehold Rent:
-
$175,000 per annum
- Location:
-
Located in a highly affluent area in Western Washington in some of the most prime real estate you can find. One other used car dealer in proximity.
- Premises Details:
-
Physical assets are limited to mainly office equipment. All assets that are used to run the company, except real estate which will be leased, are included in the sale. Located in a small, two-story building with 3 sales offices, finance office, office manager office and 3 desks in management office. Reconditioning area behind the building about 50 cars will fit on the main lot. Additional storage stalls available for lease with other businesses around the area in order to keep inventory at an ideal level.
Business Operation
- Expansion Potential:
-
Inventory can be reduced and expanded depending on buyer’s staff and willingness to work in the business. The sky is the limit with potential and more desire Will create more profitability. Business has shown profitability through two of the most significant recessions in recent history.
- Competition / Market:
-
Limited competition from used car dealers in the area. Buyers are affluent with good median household income and great credit scores. Historically, as a wholesale dealer, margins were kept low to move good volume and they have continued to subscribe to that theory. By using online auctions, the Seller is able to source inventory from all over the country and recondition any car on site. Specializing in luxury European car brands, many of the vehicles are desirable. They provide a full service offering that welcomes trade ins, financing and a large network of indirect lenders. Variety of protection programs including extended service warranty plans, GAP protection and anything else to handle a client’s auto needs. Shipping is offered anywhere in the US. Service, repair, detail and vehicle consignment services are also offered.
- Reasons for selling:
-
Other business ventures/real estate and spending more time with family.
- Trading hours:
-
Monday to Saturday 10-7
Sunday 11-6
- Employees:
- 9
- Years established:
- 2007
Other Information
- Support & training:
-
Seller to provide up to 90 days of transition assistance.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Seller is willing to finance up to 20% of the business sale.
- Inventory / Stock value:
- $3,000,000
