Used Car Lot- $9M+ in gross sales!!

Los Angeles, CA (Los Angeles County)

Used Car Lot- $9M+ in gross sales!!
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Asking Price: Get Financing: $450,000

Cash Flow: $475,000

Gross Revenue: $9,000,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2012

Used Car Lot- $9M+ in gross sales!!

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Business Description

Owner must sell now! Price Reduced!!! Turn-key operation. Profitable used car lot in the San Fernando Valley. 2017 gross sales were at the $9M+/ mark with adjusted net earnings of over $475K+/ which Seller will verify. Excellent location on a busy street near the freeway.
1st time on the market. 40-60 car sales average per month. The location lot is about 51K+/ sq. ft has parking for 75+/ vehicles. Nice office and waiting area for customers.
Long term lease possible. There are 3 sub-tenants at the location that offer auto repair and maintenence. Real estate is not available for sale at this time.
6 Well trained employees and 1 working owner run the operation.
Excellent books and records and fantastic proprietary software which details all aspects of the daily operation.
Plenty of training will be available to Buyer to help ensure a smooth transition.

Detailed Information

Employees:
6 +1 wo
Facilities:
Large 51K+/ sq. ft. lot with nice office and admin. space. Great location on a very busy well-known street in the SFV. There are three sub-tenants that offer repair and maintenence. The real estae is not avaible for sale at this time. long term lease is possible.
Competition:
Used car sales is a competitive business. This business is strong with no signs of slowing down.
Growth & Expansion:
Several possible ways to grow and expand.
Support & Training:
Plenty of training will be available.
Reason for Selling:
Other interests
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Brenda Bernhard, CBB

Business Listed By:
Brenda Bernhard,CBB

Strong Business Advisors

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