Used Car Dealership - Business Sale

Undisclosed Address, Wilmington, NC 28405
Business Opportunity for Sale
Catylist Listing ID: 30706867
Property Subtypes: Auto Related
Building Size (RSF): See Agent
Sale Price: $295,000
Name of Establishment: Confidential
Year Business Established: 2017
Gross Revenue: $1,020,000 (Annual)
Cash Flow: $220,000 (Annual)
Cash Flow Type: EBITDA
Relocatable Business: Yes
Sale Terms: Some seller financing negotiable. Lease is currently month to month.
Last Updated: 9/22/2021

Overview / Comments

Used car lot for sale with a 4.9 Google rating. The current two man team each make $100,000 per year. Sale includes 20+/- Front Line Vehicles of inventory ($100,000 in value), website, customer database, purveyor relationships and post-closing training. In 2020, this small lot sold 152 units, while not being able to operate for a time because of Covid restrictions (closed for 3 months). Location on map is off by several hundred feet. This is a great opportunity to get into the car business without having to re-invent the wheel.

Additional Details

Industry Segment: Auto Dealers
Reason for Selling: Another business opportunity.
Value of Inventory Included ($): $100,000
Value of Furniture, Fixtures, and Equipment ($): $5,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Mgmt/Training Support Description: Seller will provide training pre & post closing.
Seller Financing Description: Some seller financing available.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,426 65,510 121,271
Median Age: 42.22 33.64 37.07
Households: 2,950 27,781 51,198
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