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Address: 121 King St, Dameitta, Egypt
Phone: +25-506-345-72
Email: [email protected]

Car Dealership Business w/ Real Estate — PENDING

Car Dealership Business w/ Real Estate — PENDING

Oakland County

Listing#: C2652

CBB-website tags Small v1-2-02CBB-website tags Small v1-2-07
Description

Our firm is excited to offer this profitable and long-established used car dealership business with prime real estate. This business is located in SE Oakland County on a busy road surrounded by dense residential neighborhoods. The owners started this business in 1991 and have grown the company to sell between 700-800 high-quality vehicles at great prices annually. The price point for most of their cars is between $3,500 and $12,500. Most of their customers are repeat customers and are located within a 10-mile radius of their location. Approximately 50% of their sales are cash sales, and a third-party lender finances the rest. Most sales are handled by two sales associates, two porters, and one office administrator. The owners do minimal marketing, and most of their sales are generated through referrals, repeat customers, classified listing sites, and their website. The dealership maintains approximately $450,000 in inventory at a given time and can display up to 150 vehicles comfortably at their lot. Most of the inventory is purchased from auctions, and the remaining is purchased through trade-ins, the open market, and other dealerships. Based on the business tax returns, the total cash flow to the owners in 2021 was $1,037,668 with total sales of $4,803,470. The owners have enjoyed a very successful run with this business. They are now ready to semi-retire and slow down, which is why they decided to put this excellent business and the real estate for sale. Give us a call today to learn more about this lucrative and turn-key business.

Business Price: $875,000
Real Estate Price: $575,000
Total Package Price: $1,450,000

Inventory: $450,000 +/-

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Business Overview

Revenue $4,803,470
Cash Flow $1,037,668
Inventory $450,000 +/-
Year Established 1991
Seller Financing No
Employees 7FT 0PT
Asking Price $1,450,000
Key Statistics
  • Hours of Operation: Monday - Saturday: 9 AM - 6 PM

  • Employees: 7 Full Time 0 Part Time

  • Year Established: 1991

  • Year Acquired: 1991

  • Liscence Required: Class B Dealership & Sales Tax

  • Seats: N/A

  • Parking: 150+ Vehicles

Financial Information
  • Gross Sales: $4,803,470

  • Source: Tax Returns

  • Cash Flow: $1,037,668

  • Source: Tax Returns

  • Inventory Value: $450

Seller Financing
Not Available


Location
Real Estate Available for Purchase

  • Real Estate Price:575,000

  • Purchase Terms: Included in Listed Price

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Disclaimer

This information has been supplied to Broker, Capital Commercial Group, Inc. by seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. Thus, Broker does not guarantee this information to be accurate. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser`s councel.