Established Independent Auto Dealership in business since March 2011, and at the same location for almost for 5 years. Owner is looking to retire! The gross sales for the previous two years average over $11M per year. The Net profit after all expenses and salaries paid is over $500,000 per year. Seller is selling for $2.9 million OBO, not to include inventory.
The business has almost a $2M line of credit that is transferable to a qualified buyer for the use of buying cars from day one. All tax returns and financials for the past 5 years are available to qualifying and vetted buyer. The asking price is supported with the financial books and the tax returns for the previous 5 years. The price is negotiable and seller is open for any reasonable offer. The seller will train the new buyer and stay for the period of the time as needed and negotiated. The seller is willing to offer some seller financing of up to 30% of the sales price for a qualified and vetted buyer.
Please contact us for more details.
Busy Auto Dealership Street with other new and used car dealerships
Support & Training:
Seller willing to train new buyer for a negotiated period of time
Seller willing to finance up to 30% of the negotiated purchase price.