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.

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