Pre-Owner Car Dealership

Pre-Owner Car Dealership

Award Winning Dealership!

Description: http://imavex.vo.llnwd.net/o18/clients/fixedfee/images/medical.jpgCentral Indiana
Listing Number:
 2365

Financial Information

Asking Price: $5,490,000
Real Estate: Included
Gross Revenues: $2,101,993
Cash Flow: $433,567

Business Description

This long-established pre-owned dealership provides quality used cars to both credit challenged and cash buyers alike. The business uses in-house financing to carry the paper on the vehicles. Over 50% of the revenue over the last several years has come from repeat buyers. Many of them come in to the showroom each month to make their payments. This creates opportunities to sell them on their next vehicle. The facility is not your typical use car lot. It is very well done with room to add a service facility for extra revenue.

The asking price of $5,490,000 includes:
- $3,200,000 in Accounts Receivables
- $1,000,000 in Real Estate and Buildings
- $750,000 in wholesale value of the vehicles

General Information

Facilities: Extremely nice facility consisting of two showrooms and nice executive offices. The property has more than 3 acres on a major highway. There is room to expand also. Over $1.5 million was invested in the property and it will appraise for about $1,000,000.

Growth & Expansion:  The current owner operates the business with very few employees and almost no advertising. There are also architectural plans to add a 12 bay service building to drive more revenue.  

Employees: 3

Support & Training: The seller will provide necessary support and training

Contact Information


Contact:
 Troy Frank
Phone: 317-333-6655 x 101

 

Indiana Equity Brokers
5750 Castle Creek Parkway, Suite 275, Indianapolis, IN 46250
Tel: 317-333-6655     Fax: 317-333-6654
info@indianaequitybrokers.com

 

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