Used Car Dealership w/Property- Auto Row Location For Sale

Business description

This dealership specializes in premium pre-owned automobiles and trucks, with a healthy mixture of both luxury and high-end or highly customized sport utility vehicles. The nearly 1 acre lot is ideally located in a high visibility auto mall in a city that has recently instituted a moratorium on the opening of any additional auto dealerships. The sale comes with a recently constructed, state of the art 2,300 square foot vehicle showroom that could be successfully converted to a tidy new car dealership (e.g. Kia Motors) carrying nearly 200 autos in inventory. A Buyer could also add a parts and service area, with up to 4 bays to further expand the operation.

The inventory, valued at roughly $1 ml for 35 vehicles, is not included in the asking price. The seller will carry the inventory for 6 months at 0% interest.

This opportunity is not available to co-broker. A Confidentiality Agreement and Buyer Profile will be required from all prospects.

Property information

Real Estate:

Real Property Included

Location:

This auto lot occupies nearly 1 acre, with prime main street frontage providing excellent street visibility, and excellent freeway access. This sale comes with a recently constructed 2,500 square foot showroom that houses several salesman, manager and owners offices, ad well as a conference room.

Other information

Expansion potential:

New management will seek to capitalize on the business’s incredible location and market position. If properly capitalized, new owners will want to increase the vehicle inventory (they currently offer 35 vehicles), and explore offering boutique or classic autos, the ultra-luxury auto segment, or exotic autos. New owners may also seek to enter the highly lucrative business of auto financing, as this business is currently referred out. Finally, this dealership sources most of its vehicles from new car dealerships. New owners should explore vehicle sourcing alternatives such as auto auctions or expanding the trade-in business.

Competition / Market:

This well established pre-owned auto dealership has carved out its place as a solid provider of premium automobiles, trucks and sport utility vehicles. The business has developed a reputation for fair, straightforward dealing on the sales of their high quality autos, and has enjoyed a high percentage of repeat business through the years that neighboring dealerships will find difficult to match.

Support & training:

6 weeks at 30 hours/week

Reasons for selling:

Retirement

Trading hours:

7 days

Financing available:

Will carry inventory for 6 months at 0%.

Inventory / Stock value:

$1,000,000

Contact the seller

For more information about this business for sale, click the Contact Seller button.

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