Active
Highly Profitable Car Dealership and Growing Repo Business
The business was started in 2017 and has two areas it focuses on with both used car sales and a repossession yard. The repossession side of the business was added in 2020. Both are profitable in the market and growing. The car sales side of the business has historically been the bigger of the two portions with 75% of the profit stream being realized from this aspect. The repo side of the business is growing by leaps and bounds with this year's numbers far outweighing last year's numbers at this same time. The repo side of the business is trending to be a hot market for the next 10 years with the effects of COVID and the financial ramifications of that. Currently, the repo side of the business is 25% of the business.
Listed By: Kristen Schindler
Background information
Reference:
52724
Year established:
2017
Reason selling:
Owners are entrepreneurs and looking to move on to the next adventure
Finance
Sales:
$2,585,000
Operations
Employees:
6
Equipment:
N/A
Inventory:
With the fluid nature of this business, the inventory will be added to the asking price.
Premises
Facility:
This business includes 3 commercial lots that currently house the main office building, the used car lot, and the repo lot. The tow trucks currently used by the business are also included in the asking price.
Opportunities
Growth:
The amount of growth potential for the Repo side of the business is huge. Adding LPR cameras on the trucks allows for real-time knowledge of cars in the repo system from local financial institutions.
Price and terms
Price:
$999,999
Training:
Sellers are willing to work with the Buyer in training the new owner/operator for a successful transition for a period to be negotiated.