Listing ID: 70166
Established in 2013, this auto dealership is now for sale. High visibility, prime 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. Well established pre-owned auto lot with space for 40-60 vehicles on this 1 acre lot in a prime location with high traffic. Includes use of office (free standing stone building structure), car-port, office equipment, some tools, small fixtures and equipment. Everything you need is here to run this turn-key business.
Listing price to include up to 40k in inventory, although this can be negotiated. 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. There is little to no competition in this area.
Seller desires to lease real estate and sell auto dealership to pursue other projects. If there was an offer made on the real estate property, that price would be around two million. Also owns property next door which shares the office. Contact broker today to learn more about this business.
Established in 2013. One-owner business.
No competition in this particular area due to the fact that this is a tourist area. Most customers are local residents, so this dealership serves a real need in this community.
Do more marketing and Internet sales. Offer recreational vehicles to capitalize on this tourist area.
Car lot is 1.01 acre. Shared office with neighboring lot which seller also owns. May be adding a new building soon.
- Asking Price: $389,000
- Cash Flow: $200,000
- Gross Revenue: $820,537
- 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:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
The deal shall include inventory valued at $40,000, which is included in the listing price.
The company has 1 employees and resides in a building with estimated square footage of N/A sq ft.
The building is leased by the company for $3,500 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell operating businesses. Nevertheless, the true reason and the one they say to you might be 2 absolutely different things. As an example, they may say "I have too many various responsibilities" or "I am retiring". For many sellers, these factors are valid. However, for some, these might just be justifications to try to conceal the reality of transforming demographics, increased competition, current decrease in earnings, or a range of other reasons. This is why it is very important that you not rely totally on a seller's word, but rather, utilize the vendor's solution together with your general due diligence. This will repaint a more reasonable image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Many companies take out loans with the purpose of covering things like supplies, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that earnings margins are too small. Numerous companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that should be met or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location draw in brand-new clients? Most times, operating businesses have repeat customers, which develop the core of their everyday profits. Certain variables such as new competitors sprouting up around the location, road construction, and staff turnover can affect repeat clients and also negatively influence future revenues. One crucial point to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business regularly, the higher the chance to develop a returning client base. A last thought is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? Exactly how might the regional mean family earnings effect future earnings potential?