Listing Number: 2072022-584671
Description
Update 7/8/24: Dealership has had a fantastic 2024 with total gross up nearly 30% YOY. Will not last long.
We are thrilled to offer an exceptional opportunity to own a highly lucrative and well-established used car dealership, specializing in premium trucks, pickups, and SUVs. This dealership stands out in its market with a newly renovated, aesthetically pleasing facility featuring robust finishes and state-of-the-art equipment, reflecting its unwavering commitment to quality and customer satisfaction.
The business has consistently delivered outstanding results, with an average SDE exceeding $750,000 annually, underscoring its strong and sustainable business model. Central to its success is a seasoned and dependable team, including a proficient manager, providing the option for semi-absentee ownership without sacrificing operational efficiency and quality.
A key strength of this dealership is its prime location, strategically positioned with minimal local competition, ensuring a steady and loyal clientele. This advantage is bolstered by the dealership’s active community involvement, which has fostered substantial goodwill and support from stakeholders.
Adding further value to this exceptional offering is the bank preapproved financing, facilitating a seamless transition with immediate cash flow potential for the new owner. The current owner’s retirement drives this sale, presenting a rare chance to acquire a thriving business with a proven success record.
This dealership is an ideal acquisition for investors seeking a profitable venture with the potential for semi-absentee ownership. It offers a turnkey operation in the automotive sales industry, complete with a dedicated customer base and a legacy of success.
Listing Details
- Price: $2,499,000
- Down Payment: $250,000
- Sellers Discretionary Earnings: $764,631
- Total Sales: $7,887,175
- Location: Athens County, Ohio
- Inventory: $1,000,000
- FF&E: $175,000
- Employees: 6
- Year Established: 2006
- Reason for Selling: Retirement
- Category: Automotive
