Auto Dealership, Quality Pre-Owned Vehicles – Philadelphia, PA.
Price
$1,975,000
Location
Philadelphia County, PA
Industry
Automotive and Boat
Listing ID
33465279-PV
Located in Philadelphia, PA, this bustling and profitable auto dealership boasts two locations with an average inventory of 180 cars. The business enjoys a strong following, bolstered by outstanding online ratings and reviews. Specializing in quality used vehicles, the dealership offers warranties and bank financing. With attractive storefronts that have excellent curb appeal and visibility, it successfully moves an average of 70 cars monthly, ensuring robust cash flow and profit margins. Additionally, it features an in-house vehicle preparation and repair center. The dealership's inventory includes mid to high-end cars, trucks, and SUVs, earning significant brand value and positive name recognition. It benefits from a powerful online presence, effective marketing strategies, and a well-established reputation. The business is supported by a competent sales and finance team, along with adept management overseeing daily operations. As an independent dealership, it holds franchise status with all lending banks for customer loans and offers a $3 million floor plan for inventory financing available to prospective buyers. Due to family-related relocation, the current owner is seeking to sell the business. The owner, fulfilling the role of general manager, is supported by an assistant GM and floor management for sales and finance. The seller is committed to facilitating a smooth transition post-sale as required.
Stock Sale possible for easier transition. Both properties are available for lease - total rents approx. $21,000 monthly
family relocation
Seller has good management to transfer to a buyer and will assist after the sale with a transition before relocation.
High visible locations with excellent curb appeal and nice stores
competitive market that drives a lot of business to the area
good growth with continuation on seller's marketing efforts and good inventory management
Bank financing possible for acquistion. Floor plan financing for inventory can transfer to a qualified buyer
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Price: $1,975,000
Location: Philadelphia County, PA
Industry: Automotive and Boat
Listing ID: 33465279-PV
Located in Philadelphia, PA, this bustling and profitable auto dealership boasts two locations with an average inventory of 180 cars. The business enjoys a strong following, bolstered by outstanding online ratings and reviews. Specializing in quality used vehicles, the dealership offers warranties and bank financing. With attractive storefronts that have excellent curb appeal and visibility, it successfully moves an average of 70 cars monthly, ensuring robust cash flow and profit margins. Additionally, it features an in-house vehicle preparation and repair center. The dealership's inventory includes mid to high-end cars, trucks, and SUVs, earning significant brand value and positive name recognition. It benefits from a powerful online presence, effective marketing strategies, and a well-established reputation. The business is supported by a competent sales and finance team, along with adept management overseeing daily operations. As an independent dealership, it holds franchise status with all lending banks for customer loans and offers a $3 million floor plan for inventory financing available to prospective buyers. Due to family-related relocation, the current owner is seeking to sell the business. The owner, fulfilling the role of general manager, is supported by an assistant GM and floor management for sales and finance. The seller is committed to facilitating a smooth transition post-sale as required.
Gross Revenue: $19,000,000
Cash Flow: $800,000
FFE: $70,000 (Included in price)
Inventory: $2,950,000
Terms & Conditions: Stock Sale possible for easier transition. Both properties are available for lease - total rents approx. $21,000 monthly
Reason for Sale: family relocation
Training & Support: Seller has good management to transfer to a buyer and will assist after the sale with a transition before relocation.
Year Established: 2013
Year of Last Acquisition: 2023
Days & Hours of Operation: 6 days a week
Owner Hours Per Week: 35-40
Non-Owner Payroll: $800,000
Employees: 19
Managers: Owner, General Manager
Security on Lease: 40,000
Monthly Rent: 21000
Type of Location: 2 dealer lots and stores
Facilities Information: High visible locations with excellent curb appeal and nice stores
Competition: competitive market that drives a lot of business to the area
Potential Growth: good growth with continuation on seller's marketing efforts and good inventory management
Financing/Terms: Bank financing possible for acquistion. Floor plan financing for inventory can transfer to a qualified buyer
"*" indicates required fields
New York, NY 10001
Price
$1,975,000
Location
Philadelphia County, PA
Industry
Automotive and Boat
Listing ID
33465279-PV
Located in Philadelphia, PA, this bustling and profitable auto dealership boasts two locations with an average inventory of 180 cars. The business enjoys a strong following, bolstered by outstanding online ratings and reviews. Specializing in quality used vehicles, the dealership offers warranties and bank financing. With attractive storefronts that have excellent curb appeal and visibility, it successfully moves an average of 70 cars monthly, ensuring robust cash flow and profit margins. Additionally, it features an in-house vehicle preparation and repair center.
The dealership's inventory includes mid to high-end cars, trucks, and SUVs, earning significant brand value and positive name recognition. It benefits from a powerful online presence, effective marketing strategies, and a well-established reputation. The business is supported by a competent sales and finance team, along with adept management overseeing daily operations. As an independent dealership, it holds franchise status with all lending banks for customer loans and offers a $3 million floor plan for inventory financing available to prospective buyers.
Due to family-related relocation, the current owner is seeking to sell the business. The owner, fulfilling the role of general manager, is supported by an assistant GM and floor management for sales and finance. The seller is committed to facilitating a smooth transition post-sale as required.
Stock Sale possible for easier transition. Both properties are available for lease - total rents approx. $21,000 monthly
family relocation
Seller has good management to transfer to a buyer and will assist after the sale with a transition before relocation.
High visible locations with excellent curb appeal and nice stores
competitive market that drives a lot of business to the area
good growth with continuation on seller's marketing efforts and good inventory management
Bank financing possible for acquistion. Floor plan financing for inventory can transfer to a qualified buyer
Main Office
Administration and Mail
209 West 29th Street
Suite 318
New York, NY 10001
Phone: 212-473-5000
Connecticut Office - Hartford
1245 Farmington Ave
Suite #302
West Hartford, CT 06107
Phone: 860-474-8000
Pennsylvania Office - Pittsburgh
1001 Liberty Ave, 5th Floor
Pittsburgh, PA 15222
Phone: (215) 461-5000
Pennsylvania Office - Philadelphia
Two Liberty Place
50 South 16th Street
17th floor
Philadelphia, PA 19102
Phone: 215-388-2334
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