Asking Price:

$125,000

Gross Income:

$2,063,046

Cash Flow:

$146,973

FF&E:

$170,298.00 *

Inventory:

$30,000.00 *

Real Estate:

N/A

Year Established:

1981

Employees:

4

Business Types:

Automotive Dealers
Auto Repair, Parts & Services

* included in the asking price

Business Description

MUST SELL IMMEDIATELY! Distressed sale! Priced below liqidation value & below tangible asset value. Will consider partnership. Sellers health issues are forcing sale. Rare opportunity to own a profitable 30 year old high end pre-owned vehicle sales business with a separate service department and body shop. The business has been known for 3 decades as the dealership to go to when purchasing a high
quality pre-owned luxury vehicle. All vehicles are hand selected
with Car Fax reports, 30 day warranties, and are priced from
$5,000 to $100,000. The average sale price is between $10,000
and $15,000 per vehicle. The most common brands of vehicles
sold are Mercedes, BMW s, & Cadillac's. The business
model has shifted in the past 3 years from selling as many
vehicles as possible with lower margins to selling fewer vehicles
at higher margins. The vehicles are purchased via internet,
auction & customer trade-ins. BMW , Mercedes, Cadillac Service Center. Business
hours are 10:00-5:00 M-F & 10:00-4:00 Saturday.

Detailed Information

Facilities:

There s a complete service department with a manager who has been in place for 20 years, and a complete body shop. The shop inventory, equipment & other assets are included in the sale & valued at $170,289. Same great US-1 location for 30 years in one of the most affluent communities in the State.

Competition:

This business has been selling high-end (BMW, Mercedes, exotic cars, sports cars, etc) for over 30 years. Their reputation is outstanding for providing excellent quality pre-owned cars at a fair price. BMW & Mercedes service specialist.

Growth/Expansion:

Service Department & Body Shop could be expanded tremendously. Only 10% of gross sales are in the service & body shop. With 3 separate components of the business, Sales, Service & Body Shop, the expansion possibilities are endless. The seller's recent health issues have impacted the motivation for additional expansion, but seller would be willing to help a new owner grow the business long term.

Support/Training:

The owners have $250,000 of auto inventory that could be purchased with the business, or consigned/floorplanned for the new owner as inventory at a reasonable interest rate. In addition, the owners can aid the Buyer with private floor plan capital to facilitate the transition long term. Owner can stay indefinitly on a commission basis for added s

Reason Selling:

Extreme Health Issues & Lack of Capital