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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.
Over 30 years of consistent growth. Ongoing support. Multiple revenue streams. Whether you’re looking into owning your very first store, or you’re interested in adding to your existing franchise portfolio, Batteries Plus is here to help. Learn more about the costs, benefits, and available locations today!
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