Pre Owned Auto Dealership and Collision Center:+$16.6 million sales

North Providence, RI (Providence County)

Pre Owned Auto Dealership and Collision Center:+$16.6 million sales
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Asking Price: $878,000

Cash Flow: N/A

Gross Revenue: $16,631,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1998

Pre Owned Auto Dealership and Collision Center:+$16.6 million sales

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Business Description

Pre Owned Auto Sales and Collision Center (Two Businesses)

Two businesses being sold together-Pre Owned Auto Sales and Collision Center.

Pre Owned Auto Sales averaging sales of one hundred pre owned autos per month. 1,229 cars sold in 2018. Nine full-time employees plus nine part-time drivers. Acquires cars from throughout New England. Pre owned auto price range at this business is generally $9,500-$10,000. Large easy access lot at Seller owned 2,450 sf facility comfortably holds 150 cars. Over $16 million in annual sales which is at the wholesale level.

Real estate is also available from Seller for purchase via separate agreement or long-term lease.

Attractive very presentable offices with clean, free-flowing selling area.

Working capital credit facility in place with a leading SBA lender to finance inventory.
Pre owned auto purchase financing plans available for customers. Approximately 80% of auto sales are financed via banks and credit unions.

The two different business models (pre owned and collision) support each business.

One or more family members willing to stay on and assist new owner (subject to agreement and any SBA restrictions).

Second business (separate entity)is a 3,712 sfauto collision center. Three Bays. Averaging five cars per week. Big upside potential to grow this business via insurance affiliations. As with the sister used car business, the real estate is also available. Total auto collision revenues in 2018 were $536,851.

Detailed Information

Location:
North Providence, RI
Real Estate:
Owned
Building SF:
N/A
Employees:
9 FT, 9 PT
Competition:
No direct competitor in this geographic market.
Growth & Expansion:
Review marketing plan including margin improvement opportunities.
Support & Training:
Two weeks equivalent for management transition. May consult after closing subject to definitive agreement.
Reason for Selling:
Retirement.
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Robert Flynn

Business Listed By:
Robert Flynn

United Brokers Group LLC

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Memberships & Certifications:
Indicates membership in The New England Business Brokers Association (NEBBA).

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