Indiana Ford Chrysler Dodge Jeep Ram Auto Franchise

IN

Indiana Ford Chrysler Dodge Jeep Ram Auto Franchise
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Asking Price: Get Financing: $3,000,000

Cash Flow: $713,438

Gross Revenue: $16,289,952

EBITDA: N/A

FF&E: $300,000

Inventory: $250,000

Real Estate: $3,000,000*

Established: 1961

*not included in asking price.

Indiana Ford Chrysler Dodge Jeep Ram Auto Franchise

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Business Description

After over 50 years of selling and satisfying customers, this well established successful automotive business is available for sale to the motivated buyer seeking a proven winner. The operation has become a respected hallmark in the community -- well known for having a professional team, offering a wide range of available products and services and taking excellent care of customers.

The business features products from two powerhouse automotive companies, Ford and Fiat Chrysler, showcased under one roof and situated in one convenient location. The dealership offers nameplates from the Ford, Lincoln, Chrysler, Dodge, Jeep and Ram brands. This incredible line-up of popular vehicles covers the full spectrum of consumer tastes from the Built Ford Tough F-150, the popular Mustang pony car, the luxurious Lincoln Continental, the versatile Chrysler Pacifica, the fun-to-drive Dodge Charger, the legendary Jeep Wrangler and the powerful Hemi-equipped Ram trucks. This unbeatable top to bottom line-up is sure to keep a steady flow of customers coming into a just-completed $2.5 million newly renovated, world class facility.

During 2017, the business generated over $15.5 million in top line revenues retailing 188 new and 335 used vehicles. Parts, Service and Body Shop sales were $1,800,000, $735,000 and $333,000 respectively. Over the last 4 years, bottomline net cash flow has averaged $750,000.

The business is the definition of a turn-key operation: 50 year plus legacy, professional management team, loyal, repeat customers, solid profitability, newly renovated facility and six high demand automotive brands.

SPECIAL FINANCING ... this business has been lender pre-qualified and available for special financing. Term sheet is included in marketing materials.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
24,000
Employees:
28 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The dealership facility is located just off a busy by-pass highway that connects the historic downtown, business district and residential areas. The store is located in the center of local shopping businesses, the big-box retail outlets (Wal-Mart, Lowes, etc.), consumer service stores (Kroger), and popular eateries. The facility is superb for its location, visibility and accessibility with plenty of convenient customer parking and vehicle display and storage. The 24,000 square facility is situated on 7.54 acres of land, and includes a 8 car showroom, service department with 12 service lifts, a fully stocked parts department, a business office, 6 salespersons/closing offices, 2 manager offices and 1 dealer executive suite. The building was originally constructed in 1977, but has been completely renovated and significantly expanded after a state of the art $2.5M renovation in April 2018. The dealership has the curb appeal of an all-new facility. Changes include all new showroom, parts department, service lane and write-up area, business office, sales offices, exterior building and inventory lighting, parking lot surfacing, all-new brand signs and dealership naming package. The facilities are fully compliant with the latest corporate standards from Ford and Fiat Chrysler. The building and land is available to purchase for $3,000,000. Alternatively, the seller will entertain a long-term lease for $10,000 per month ($120,000 annually) with triple net lease terms. Leasee will be responsible for utilities, taxes, insurance and maintenance in addition to rent.
Competition:
This market includes 2 other new vehicle dealerships -- Chevrolet and Toyota. There are seven local used vehicle dealers and all major parts discount stores are present: Advance, NAPA, AutoZone, and O'Reilly. Since 2014, the assigned industry has maintained a steady volume of around 950 annual registrations with trucks/utilities representing 66% of the total volume.
Growth & Expansion:
While the dealership has demonstrated consistently, stable and sustained profitability for a number of years, there is excellent growth potential when comparing present performance to group average levels. Major opportunities include: 1. New Vehicle Sales Volume and Gross -- both Ford and CDJR 2. Body Shop Sales and Gross 3. Extended Service Plan Volume and Gross Note: The newly completed facility has already attracted incremental business in all departments.
Financing:
Lender pre-screened with $450k down.
Support & Training:
Will train for 4 weeks @ $0 cost. Products and services include the sale of new cars, new trucks, new utilities, used vehicles, finance and insurance products, extended warranties and parts and service offerings. All required business licenses and zoning approvals are current and valid with the appropriate municipal jurisdictions. The manufacturers, both Ford and Fiat Chrysler, offer a variety of training and certification programs for both vehicle and fixed operations disciplines. All candidates will be need to obtain factory approvals following completion of the agreed and executed purchase agreement.
Reason for Selling:
Owner is retiring after 43 years in the auto business.
Franchise:
This business is an established franchise
Contact Seller

Contact the Seller

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Hal Feder

Business Listed By:
Hal Feder

Murphy Business & Financial Corporation

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Sponsoring Broker:
Frank Chebalo, CBI, ABI, CMSBB, CBC

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