Denver Metro Large, Very Profitable, High End Used Car Sales Company

The trailing 12 months revenues were 17.8M with 442K in earnings. The 2022 gross revenues were 17,586,123 and the earnings were 1,000,598. The 2021 full-year revenues were 22.7M dollars with 1.14M in earnings but new cars were hard to find from late 2020 to late 2021 which created a short-term boom in used car dealers. In 2022, the industry returned to normal because used car prices returning to normal but rising rates and tightening credit started to have a negative impact in the 4th quarter of 2022 which continued to get worst in the 1st quarter of 2023. The used car market fluctuates up and down and it is in a downturn again which should change once interest rates start coming down again and the current unease with the banks starts going away.

The Seller's family has moved out of state which is why he was selling. He is splitting his time and can and will transition the Buyer post-closing. The combination of his family moving and the temporary slowdown in the used car market, he has agreed to lower the price from 2.7M to 1.6M plus inventory. This is a 40% drop in the sales price.

The business continues to grow based on their very high traffic location, quality inventory, experienced salespeople, repeat customers, referrals, and services they provide including accepting trade ins and offering financing choices.

Awesome location: The property is in a great location with a very high traffic count location which all day and all weekend, not just commuter traffic. The property has been leased since 2005. It is set on 38000 sq ft plus the additional corner lot I rent that I think is 10,000 sf. The business is operating on 3 different properties. It has a 4,900 square feet of building space including a 600 square foot main building that is very functional for the business operations, a 1000 square foot maintenance building with 6 bays, and a 500 sq ft showroom.