Price: $450,000
Location: Wake County
Industry: Auto Repair and Service Shops
Listing ID: 16910313-NI
Listing Status: Popular
Since 2011, this pre-owned automotive dealership has operated in it's current location, with the lot capacity of 160 vehicles. The dealership sells approximately 500 cars/year at an average sale price of $13,000. With continual expanding growth, the owner is offering the dealership for sale due as he's relocated.
-Five Million Dollar Annual Sales
-Double Lot, Corner Location
-Fully Staffed Sales and Service
-Affordable Overflow & Expansion Lots
-Strong Online Presence
-Strong Reputation of Repeat Customers
-More Than a Decade of History
Down Payment: N/A
Total Sales: N/A
Cash Flow: $364,000
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
FFE: N/A
Inventory: N/A
Year Established: 2011
Lender Pre-Qualified: No
Non-Owner Payroll: N/A
Employees: 8
Absentee Owner: Yes
Security on Lease: Yes
Real Estate: N/A
Real Estate Included: No
Monthly Rent: N/A
Type of Location: Free Standing Building
Franchise: No
Relocatable: No
Facilities Information: This business is located approximately five miles from Downtown Raleigh. There is a 2,200 Square Foot Sales Office; 3 separate parcels for retail and overflow space.
The primary lot is owned by the seller, and the neighboring lot is rented for retail space. A third lot is rented at an affordable annual price for inventory overflow
Reason For Sale: Relocation
Training & Support: 2 weeks
Competition: This dealership enjoys great referrals and return customers in the local market. Their primary competitor is Elite Auto Sales.
Potential Growth: The local population has grown significantly, bringing in more potential customers and referrals.
