Auto Dealer Group – New and Pre-Owned Sales, Service, & Financing

Price: $15,000,000

Location: Providence County, RI

Industry: Automotive and Boat

Listing ID: 33463790-PV

This is a well-established, family owned and operated auto group consisting of busy pre-owned car locations, and a new car dealer franchise location, a full-service body shop with detail center, 12+ bay repair shop, and a vehicle finance company. The businesses are well staffed and well run with modern showrooms in good locations.

The dealerships sell quality, well optioned, mid to high end cars & SUVs. There is a new car franchise location as well as reputable used dealerships that have strong brand value, great visibility and lots of space for inventory. There is excellent income from auto sales, warranties, service, and the built in auto finance business does very well while making loan processing seamless for customers. Solid management and support employees come with the business.

The owner has built an impressive auto group starting with one dealership and growing it out over time. The businesses have a significant amount of synergy but are all well-established and can stand on their own. The seller has been highly successful and is now seeking retirement without urgency. He will assist with a transition as needed and has strong support staff to continue with a new owner.

Gross Revenue: $90,000,000

Cash Flow: $5,300,000

EBITDA: $5,000,000

Inventory: $29,000,000

Franchise: Yes

Franchise Information One of the 3 locations is a New Car Dealer Franchise

Reason for Sale:

Retirement

Training & Support:

Seller will provide support after the sale as needed and there are key employees that he relies on who will continue after a sale.

Year Established: 2004

Days & Hours of Operation: 7 days

Owner Hours Per Week: 40-50

Employees: Total 34 - 7 admin, 10 sales. 13 service, 4 BDC (subject to change)

Managers: 6 managers

Facilities Information:

There are 3 dealership locations and a location with business offices for the finance company, a large size body shop with detail center, and inventory storage for about 100+ cars One dealership location has a 12+ bay repair shop, the other two also have shops for repairs and dealer prep.

Competition:

Typical competition exists for each location. They are located in car sales areas and stand out in the crowd with an excellent website that drives traffic in addition to having excellent visibility on main roadways.

Potential Growth:

Good growth with aggressive marketing and strong inventory management.

Financing/Terms:

bank finance