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Established, Profitable Used Auto Dealership For Sale
Location Iowa,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1583828
Net Profit / Cash Flow $113520
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1967
Number of Employees 1 - 3
Inventory 60000
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training 2 weeks / $0 cost
Reason for Sale Retirement
Description Very established used auto dealership business for sale with excellent name recognition & reputation for integrity & affordable quality. $1,650,000 average revenue & $152,000 average seller's discretionary earnings (SDE) for 2011 - 2009. Key to long-term success involves buying good inventory, getting it into good condition, & standing behind it. As a result, inventory tends to sell at retail than rather liquidating it at wholesale. The business sells SUV's, sedans, & pick-ups to families, farmers, & contractors as well as, a few motorcycles, ATV's, & more. A high proportion of sales are initiated by way of the internet & repeat customers. The business has an excellent, well-equipped shop, but does no outside service & out-sources most of the preparation of autos for sale. The business sells very few tires & auto parts. The business does not sell credit insurance.
Located in growing Eastern Iowa community in stand-alone commercial building with single-family home on site included! Nice 4476 square ft. (2916 SF shop & 1560 SF office) building. Potential income from one-story home currently occupied by seller. Home offers 1316 square ft. on main floor plus nicely finished lower level, deck, 2 new garages & more.
Asking price: $687,500. Call or email Brian Brown 319.294.1904 for more information about this listing.
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