Established Used Automobile Dealership with Real Estate

Asking Price$410,000

Cash Flow
$12,034
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,292,185

Inventory$285,000
Included in asking price
FF&E$5,000
Included in asking price
Real Estate$355,000
Included in asking price
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Established Used Automobile Dealership with Real Estate


Asking Price$410,000

Cash Flow
$12,034
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,292,185

Inventory$285,000
Included in asking price
FF&E$5,000
Included in asking price
Real Estate$355,000
Included in asking price

Seller Financing Available
Business Description
Don’t miss this incredible opportunity to own a well-established used car dealership located in the heart of West Michigan. With over 43 years of successful operation, this dealership has built a strong reputation for reliability, honesty, and exceptional customer service, all while maintaining consistent sales revenues. This transaction includes the business and prime real estate comprised of over 9 acres of land and a 2000 square foot building. Vehicle inventory is also being offered as part of the sale, but is not included in the asking price. Average vehicle inventory is approximately $300,000.
The Owner works in the business approximately 30 hours per week and has two part-time employees who work a total of 22 hours per week. Primary Owner responsibilities include sales, inventory acquisition and general business activities. The dealership is open 5 days a week, including limited weekend hours.
About the Business
Years in Operation
45
Employees
2
Facilities & Assets
The dealership's real estate includes over 9 acres of land, providing ample space for vehicle display, storage, and expansion. Additionally, the property features a 2000 square foot building with office space, 3 service bays, and customer amenities. This prime location offers immense potential for future development and growth opportunities. The building is constructed on 4.79 acres of land with municipal water and a recently updated drainfield. The sale includes an adjacent undeveloped 4.47-acre parcel for a total road frontage of nearly 290 feet.
Market Outlook / Competition
Despite being in operation for 40 years, this dealership continues to thrive in a competitive market. Its success can be attributed to several key factors:
1. Reputation: The dealership has built a strong reputation for honesty, integrity, and reliability. Customers trust the dealership to provide quality vehicles and exceptional service.
2. Wide Selection: With a diverse inventory of used vehicles, ranging from economy cars to luxury SUVs, the dealership caters to a broad spectrum of customers' needs and budgets.
Opportunities for Growth
While the dealership has enjoyed considerable success over the years, there are several opportunities for further growth and expansion:
1. Online Presence: Investing in digital marketing and e-commerce capabilities can help the dealership reach a wider audience and attract customers from beyond its immediate vicinity.
2. Expanded Services: Diversifying the range of services offered, such as additional financing options, vehicle detailing and customization, can enhance customer satisfaction and loyalty.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
2,000
About the Sale
Seller Motivation
Retirement
Transition Support
# of Weeks Seller Will Offer Training: 4
Listing Info
ID
2236543
Listing Views
2685

Contact Seller

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Business Listed by: Jeff Hoag Transworld Business Advisors of West Michigan

Listing ID: 2236543 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.