Used Car Dealer - Upscale, Low Milage Vehicles
Location:
United States
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New Hampshire
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Southern NH
Industry: Auto Related > Auto Dealers
Business Summary
This UPSCALE USED CAR DEALERSHIP sells many low mileage, late model cars, trucks, and SUV's at its modern showroom in New Hampshire. These vehicles are completely repaired and detailed within the four bay service area.
A customer base of area residents has been established over eight years of providing professional service and quality vehicles. The business enjoys a high referral and repeat customer base.
Sales have exceeded $5,700,000 and should remain steady. The expansion of the service area as well as sales and service hours would increase sales further.
The sales and administrative team is capable of operating the business in the owner's absence. This experienced staff is in place and would likely remain after the transition.
The operation is located on a high traffic street and has prominent road signage. The four year old building is situated on 1.7 acres of land. The building, diagnostic equipment, and real estate is included with the sale of the business.
Approximately 94% of sales are in used vehicle sales and 6% are in repairs. Labor is charged at $55 per hour. Each sold car yields approximately $2,000 profit. Retail prices are charged for parts.
Customers are mainly area residents within a 30 mile range. The business solicits new customers by advertising in local newspapers, on local television, and with prominent road signage. Approximately 88% of customers are repeat clients or referrals. There is only one other car dealer in the area. Contact for more information on this Used Car Dealer business for sale.
Financials
Asking Price Range: $1.0M - $2.5M
Gross Revenues:
$5,770,310
Cash Flow:
$310,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $200,000
Seller Financing: Not Disclosed
About The Business
Year Established: 1996
Number of Employees: 6 - 9
Relocatable: No
Franchise: No
Current Real Estate: Owned
About The Sale
Management Training and Support: An assisted transition is available.
Reason For Selling: The owner is selling to pursue other existing ...
Click on the "I'm Interested" button above for more information on this Auto Related > Auto Dealers business for sale.
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Print Listing Id: 70018807
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