Listing ID: 70162
Well established small Used Car lot in business for 8 years. Lot includes office (free standing stone building structure), car-port, office equipment, some tools, small fixtures and equipment. Add an auto repair, body shop or painting bay, capitalize on tourist industry with specialty vehicles. Average 70k in inventory. Owner may include up to 40k in auto inventory, to be negotiated. Over 125 units are being sold annually by the sole owner. Current marketing is mostly word of mouth, basic website and social media. Potential for expansion, growth and increased revenue through more advanced marketing techniques. Can be set up as a BHPH (buy here pay here), if desired. Owner often carries as many as 30 dealer financed vehicles generating steady monthly revenues at attractive interest rates. For someone familiar to this industry this will be a fantastic buy!
Established in 2013, this pre-owned auto dealership is now for sale. Option to lease one or two parcels, start small or double your space right away. High visibility location with recurring clients who buy clean and reliable used vehicles. The business has name recognition in the community and little to no competition in this particular area of the Smoky Mountains in East Tennessee. Mechanical repairs are arranged with local mechanic. Huge potential for a buyer who is also a mechanic, use the second parcel to set up your auto repair business. This one won’t last long, get in touch to learn more about this rare opportunity.
Established in 2013. Purchased neighboring lot, both lots are available for lease (possible real estate as well). Current owner suggests adding auto repair to auto dealership to grow this business.
- Asking Price: $389,000
- Cash Flow: $128,137
- Gross Revenue: $450,866
- EBITDA: N/A
- FF&E: N/A
- Inventory: $40,000
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:782
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Car lot is .43 acre and includes 782 sq ft building. Optional lot is 1.01 acre.
No competition in this particular area.
Expand by leasing both lots. Do more marketing. Offer recreational vehicles.
The transaction shall include inventory valued at $40,000, which is included in the suggested price.
The company has 1 employees and resides in a building with disclosed square footage of 782 sq ft.
The property is leased by the company for $2,000 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell businesses. Nonetheless, the genuine factor and the one they say to you may be 2 absolutely different things. For instance, they may state "I have a lot of various commitments" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may simply be reasons to try to conceal the reality of altering demographics, increased competitors, recent reduction in earnings, or a variety of other factors. This is why it is extremely crucial that you not rely completely on a seller's word, but rather, use the seller's response together with your general due diligence. This will paint a much more realistic image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of businesses borrow money with the purpose of covering items like inventory, payroll, accounts payable, etc. Remember that sometimes this can indicate that profit margins are too thin. Numerous companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that should be satisfied or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location attract new clients? Most times, businesses have repeat clients, which create the core of their daily revenues. Certain variables such as brand-new competitors sprouting up around the area, roadway building, as well as employee turnover can affect repeat clients and negatively influence future revenues. One essential thing to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Certainly, the more individuals that see the business regularly, the better the opportunity to build a returning consumer base. A last thought is the basic location demographics. Is the business placed in a densely inhabited city, or is it situated on the outside border of town? How might the local typical house income influence future earnings prospects?