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Asking Price:	$250,000 USD USA Dollars
Business for Sale Industry:	Auto & Mech: Retail
Reason for Selling:	Immediate cash to move into another business.
Year Established:	2006
# of Employees:	1
Yearly Revenues:	$509,640
Yearly Cash Flow:	$89,647

Business for Sale Overview:

Business Is Located In The Durant, Ok Area (1 Hour Away From North Dallas) And Is Situated On A Busy Highway With Frontage And Access. This Is The Only Lot In The Area That Can Offer On-Site Financing With Immediate Approval Through A Credit Acceptance Franchise Which Is Included In The Package (You Don't Assume Any Of The Risk). The Lot Has Room For At Least 50 Cars Behind A Gated Fenced Lot For Security. The Office Building Has Three Offices And A Reception/Common Area, And Has A Two Bay Garage In Back For Maintenance And Detail Work. An Additional Building On Back Of Lot Has Four Large Open Bays And A Large Enclosed Garage That Is Currently Sub-Leased. The Business Currently Has Over $350,000 In Outstanding A/R’s That Will Pay Out Over The Next 4-5 Years And Are Included In The Sale. The Current Owner Obtains All Of His Cars Through A Wholesaler Who Also Provides Floor Plan Credit Financing. The Owner Paid Over $81,000 In Wholesaler Up-Charges And $37,250 In Floor Plan Charges. A New Owner Purchasing Cars Through Auction Himself Would Save Over $80,000 In Cost Of Sales Expenses. The Business Can Be Relocated And The Credit Acceptance Franchise Can Be Applied To Another Car Lot.

Property Features and Assets:

Leased facility with multiple acres of land and two large office and storage buildings. Entire lot is fenced and gated for security.

Market Competition and Expansion:

Competition: Minimal competition in the immediate area and this is the only one offering on-site financing. The Credit Acceptance franchise can also be applied to other dealerships if the new owner wants to expand or relocate. Growth and Expansion: Currently they do minimal advertising or marketing so active advertising should pay big dividends in increased business. New owner should also purchase inventory directly from auctions instead of using a wholesaler as they currently do saving over $80,000 annually in costs. This business is relocatable and you can apply the Credit Acceptance franchise to other lots.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.