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BUSINESSES FOR SALE

If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

Businesses For Sale   >>   Ohio Businesses For Sale Categories   >>   

Used Car - Buy Here / Pay Here

Location  Ohio,United States
Asking Price Range  $2.5M - $5.0M
Gross Revenues  $6275000
Net Profit / Cash Flow  $1100000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1995
Number of Employees  10 - 19
Inventory  3500000
Relocatable  No
Number of Employees  10 - 19
Real Estate  Owned
Training  As needed.
Reason for Sale  Retirement.
Description  GREATER CINCINNATI / NORTHERN KENTUCKY MULTIPLE LOT BUY HERE / PAY HERE USED CAR BUSINESS This Company sells used automobiles using the "Buy Here / Pay Here" concept. The Company has two lots in the Greater Cincinnati area, and the business has been in the family since the 1960's. INVESTMENT HIGHLIGHTS: Established almost 50 years Two lots in high traffic, demographically attractive areas Opportunity to grow business with investment in capital and people Owner will provide transitional services Highly profitable with minimal employees 2011 estimated Sales and ACF are slightly higher than 2010 results PURCHASE PRICE: This business is being offered as an asset sale for $4,750,000. Assets include account receivables discounted 40% to $2,992,140 (gross value $4,987,000), inventory of $380,000, and furniture/fixtures/equipment of $120,000. The real estate can be leased or purchased for an aggregate asking price of $1,380,000. SALES: 2010 = $6,275,911 CASH FLOW 2010 = $1,107,679 2011 Results approximately the same.
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