High-Volume DMV Registration Services Operation

Business Overview:

With an extensive background in the automotive industry, the owner established this thriving business more than 40 years ago. The operation fills the gap between small and independent automotive dealers and required DMV-related services. The business tailored services to dealers who lacked staff to manage complex DMV paperwork. Starting with a modest $3,000 loan, the storefront location opened near a large auto auction. The business has averaged more than $440,000 in annual revenue and has brought in more than $2.2 Million in the last five years. Would be a great home base for a thriving nonstandard auto insurance agency.

Through the years, the business expanded its client base to include private parties, leasing companies, banks, construction companies, fleets, and even celebrities. Services include title transfers, registration renewals, out-of-state registrations, and more. Today, the company serves more than 3,500 customers and efficiently processes a wide range of transactions.

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Property Features and Assets:

Facilities: No facilities. The offices are located at a busy intersection. The rent is reasonable and the landlord will cooperate with a qualified buyer.

Market Competition and Expansion:

Competition: There are four AAA offices within 10 miles of the business. However, those require customers to have paid memberships. Some of the more complicated transactions cannot be completed there.

Although there are a few similar businesses, they are smaller, one has a 1-star rating, or are at less convenient locations. None will have the established reputations and relationships with those in the automotive industry, like dealers and auction houses.

Growth & Expansion: To increase profits, the Seller recommends that a buyer expand, enhance and grow social media presence, and extended service hours AND ADD INSURANCE!!!

Marketing to large automotive businesses and out-of-state dealerships via targeted promotions and modernize technology for customer follow-ups could be highly productive.

Reason for Selling:

Additional Details:

Documents:

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