Car Buying Service Serves Customers Nationwide

Business Overview:

This car buying service business operates similar to a brokerage service, but they have a dealer’s license that enables them to buy and sell vehicles. Rather than focusing on inventory sales, the company has a custom search model to locate and purchase vehicles all around the country. Their well-trained staff use their expertise, advanced tools, insider knowledge, and databases to provide their customers with vehicles that meet their needs and budget.

To support the car buying service, the company owns an auto service center located in Richmond, Indiana to inspect, recondition, detail, and deliver the vehicles.

The company was founded in the late 1970s to primarily provide cars to customers in ministries all around the county. In the 2000s, due to referrals and demand, the company began to offer services to customers outside of ministries as well.  

The company is profitable and growing. In 2023, the Adjusted EBITDA was $666,000 on sales of $11,892,000 and Gross Profit of $1,705,000. In 2021, the Adjusted EBITDA was $466,381, and in 2022, the figure was $573,007.

You can acquire an established company that has a foundation to leverage, including expertise, resources, and a profitable business model to build a national car-buying service.

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Property Features and Assets:

To support the car buying service, the company owns an auto service center located in Richmond, Indiana to inspect, recondition, detail, and deliver the vehicles. The 22,000 square-foot building has a showroom, office space, 10 bays, 8 lifts, and a painting booth. The building sits on 2.146 acres with an outside lot that can house more than 125 vehicles. If you buy the business, you will have the option, but not the requirement, to purchase auto service center.

Market Competition and Expansion:

The company has invested very little in advertising and marketing—90% of their customers are from referrals and repeat purchases, so with a marketing budget, the company will grow. Via an inside sales team, autos and trucks can be sold anywhere in the country. In addition, the average income per sale can be increased by adding commissions on financing, warranties, and gap insurance. 

Reason for Selling:

Buyer or partner to expand

Additional Details:

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