Maui Auto Dealer With 50% Seller Financing For Sale

Business description

This pre-owned auto sales business is ideal for the entrepreneur who wants to own their own business, have a good income, and still have time for a life outside of work. The owner currently works only 2 hours per day, and averages 12 weeks of vacation a year!
Even with the business being open only Monday-Friday 8:30-5:30, Seller’s Discretionary Earnings (SDE) have averaged $188,000 a year over the past four years.

In addition to the benefits of having a long history, the Company has everything a successful business needs: an excellent high traffic location, a wonderful community reputation, loyal employees, years left on the lease and a renewal option, and a steady customer base. Growth opportunities include: opening Saturday and Sunday, or starting up the rental car business, a company that is included in the sale, but not yet operational. As an added bonus, the sale includes the company’s web site.

Asking price is $280,000 plus car inventory, which averages about $600,000. Seller will consider and offer that excludes the inventory. In addition the Seller will finance $140,000 at 8% over 36 months for a qualified buyer.

The current owner floor plans some of this with Mannheim, the giant auto auctioneer and the company’s major supplier. The owner expects that a buyer with good credit could be able to floor plan a significant percentage of the inventory which will significantly increase the buyer’s return on investment.

Property information

Real Estate:

Lease

Location:

AAA location in a fast growing part of Maui

Other information

Competition / Market:

None close by.

Reasons for selling:

Retirement

Trading hours:

5 days per week

Financing available:

Floor planning with a firm like Mannheim should be easily done by a qualified buyer. Seller will consider financing for a qualified buyer.

Furniture / Fixtures value:

$30,000 (included in the asking price)

Inventory / Stock value:

$600,000