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- RE: Established Used Automobile Dealership With Real Estate
- Contact: Jeffrey Hoag
Quick Facts
Asking Price: | $410,000 | |
Annual Revenue: | $1,292,185 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $12,034 | |
Total Debt: | Not Disclosed | |
FF&E: | $5,000 | |
Real Estate: | $355,000 | |
Year Established: | 1980 | |
Employees: | 2 | |
BBN Listing #: | 946184 | |
Broker Reference #: | 60351-230218 |
Business Overview:
Don’t miss this incredible opportunity to own a well-established used car dealership located in the heart of West Michigan. With over 43 years of successful operation, this dealership has built a strong reputation for reliability, honesty, and exceptional customer service, all while maintaining consistent sales revenues. This transaction includes the business and prime real estate comprised of over 9 acres of land and a 2000 square foot building. Vehicle inventory is also being offered as part of the sale, but is not included in the asking price. Average vehicle inventory is approximately $300,000.
The Owner works in the business approximately 30 hours per week and has two part-time employees who work a total of 22 hours per week. Primary Owner responsibilities include sales, inventory acquisition and general business activities. The dealership is open 5 days a week, including limited weekend hours.
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Property Features and Assets:
Facilities: The dealership's real estate includes over 9 acres of land, providing ample space for vehicle display, storage, and expansion. Additionally, the property features a 2,000 square foot building with office space, 3 service bays, and customer amenities. This prime location offers immense potential for future development and growth opportunities. The building is constructed on 4.79 acres of land with municipal water and a recently updated drainfield. The sale includes an adjacent undeveloped 4.47-acre parcel for a total road frontage of nearly 290 feet.
Market Competition and Expansion:
Competition:Â
Despite being in operation for 40 years, this dealership continues to thrive in a competitive market. Its success can be attributed to several key factors:
1. Reputation: The dealership has built a strong reputation for honesty, integrity, and reliability. Customers trust the dealership to provide quality vehicles and exceptional service.
2. Wide Selection: With a diverse inventory of used vehicles, ranging from economy cars to luxury SUVs, the dealership caters to a broad spectrum of customers' needs and budgets.
Expansion:Â
While the dealership has enjoyed considerable success over the years, there are several opportunities for further growth and expansion:
1. Online Presence: Investing in digital marketing and e-commerce capabilities can help the dealership reach a wider audience and attract customers from beyond its immediate vicinity.
2. Expanded Services: Diversifying the range of services offered, such as additional financing options, vehicle detailing and customization, can enhance customer satisfaction and loyalty.
Reason for Selling:
RetirementAdditional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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