Buy a Business

Advert Ref: 15868129

New Car Dealership US Manufacturer For Sale

Details: Asking price:$4,750,000; Sales revenue:$50,000,000; Net profit:$500,000; Fixtures value:$1,500,000; Inventory value:$500,000

Franchise Terms: Business Subject to Manufacturer's Franchise Agreement, and approval for purchase

Business description: Top company rated new car dealership providing multi-brand new cars and trucks from Big-3 US Automobile manufacturer. Over the past five years, company has averaged $50 million in total sales and $6 million in gross profit. Dealership has 10 car showroom, more than 20 service bays and 6 acres of property. Highly experienced and qualified management staff could allow ownership by an off-site party, or an existing car dealer looking to expand its brand presence. Mid-Atlantic location, high population density, high growth suburban area, closest same brand dealerships approximately 10 miles away. After nearly 35 years in the industry, the current owner is ready to move on to other endeavors. In 2007, the dealership sold more than 1500 new and used cars and trucks.

General information: Franchise opportunity; Years established:22; Employees: 65; Trading hours: M-F 9a - 9p, S 9a - 6p; Real Estate: Lease; Lease terms:Long term lease with option to purchase; Location:Located on the main thoroughfare of a fast growing suburb of a US East Coast major city; Expansion potential:Business can increase service offers to consumers; Competition / Market:Closest in-kind competitor approx 10 miles. Other vehicle manufacturers within 5 miles; Support & training:Seller will provide up to 30 days support and training; Reasons for selling:Retirement; Financing available?Seller will finance up to 10% of total sales price at SBA rates for up to 5 years. Note, new and used car vehicle inventories are NOT included in the asking price; Related documents: Confidentiality Agreement Personal Profile