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: |
7/13/2021 |
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. |
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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