Auto Sales & Service Center, Great Reputation! Philadelphia, PA
Price: $299,000
Location: Philadelphia, PA
Industry: Automotive and Boat
Listing ID: P061923
Strong Sales & Earnings, Price to Sell with Owner Financing Available! Price Reduced for Quick Sale!
Great opportunity to own an established, very reputable used auto dealership with combined service center located in Philadelphia, PA. The business has a nice sales lot with good exposure and has a good online presence. They sell all types of quality used vehicles and 3rd party warranties. The business also runs a full-service repair shop on site doing State Inspections, emissions, and sees work from other dealers and retail customers. The lot holds 40+ vehicles and the business is owner run with good marketing, website, and employees. Business has risings sales and strong growth potential.
The dealership sells mostly mid-range cars, trucks, SUVs, and 3rd party warranties. They also perform onsite vehicle prep and general repairs for the public and other car dealers. There is good brand value to this company, an excellent selling website, and a solid reputation. The business has a very good sales staff and strong finance manager to help customers find a quality vehicle they love at a price that meets their needs.
Listing Details
Down Payment: $75,000
Gross Revenue: $3,800,000
Cash Flow: $225,000
FFE: $75,000 (Included in Price)
Inventory: $400,000
Terms and Conditions?:
Seller financing for 5 years with 25% down payment. Plus vehicle inventory at cost (can be transferred to new floor plans with same finance companies the seller is using).
Reason For Sale:
Health Reasons
Training & Support:
Seller has strong Finance manager, Shop manager, Sales staff, Mechanics, Office & Lot help to stay on after a sale. Seller will help with a short term for up to a few weeks after the sale.
Operation
Year Established: 2000
Year of Last Acquisition: 2021
Days & Hours of Operation: open 6 days a week
Owner Hours Per Week: 50
Employees: 7
Managers: Owner managed
Location
Lease Option: 5 yr option
Monthly Rent: 5000
Type of Location: retail
Facilities Information:
40+ used car lot with sales office plus 3 bay repair shop with separate customer office
Summary
Potential Growth:
Given lot capacity, there is big revenue growth potential with additional marketing and expanded sales efforts. The repair shop also presents additional growth opportunity.
Financing/Terms:
SBA Pre-Approval Pending, Some seller finance possible