Specialty Auto Car Dealership – For Rare Vehicles
www.GlobalBX.com
Listing ID:
700374885
Listing Title:
Specialty Auto Car Dealership – For Rare Vehicles
Quick Link:
http://www.globalbx.com/listing.asp?bId=374885
Industry:
Auto Related
Industry Segment:
Auto Dealers
Country:
United States
State / Province:
California
Area
Southern California - Los Angeles Area
City:
Los Angeles
Asking Price Range:
$500K - $1.0M
Gross Revenues:
$4,517,024
Cash Flow:
$244,376
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2018
Number of Employees:
1 - 3
Business Description:
This specialty appointment only auto dealership focuses on difficult to obtain vehicles that garner national attention and therefore, are often sold site-unseen across the country. To be clear, the vehicles are not necessarily the most-costly, exotic or vintage, but rather they tend to be rare makes and models of premium luxury and sports cars. Oftentimes the nuance that distinguishes the inventory may be its color scheme, interior, package, etc. As a result, the dealership can charge premium pricing, is not relegated to a local client base, and is able to work with dealers who desire the difficult to obtain inventory. This 5,000 plus square foot showroom and warehouse leases for an attractive $4,000 per month on a flexible lease. The dealership typically has $800k - $1.0 ml in floored inventory and boasts relationships with 10-20 banks for fleet financing. While the business model does not come with massive barrier to entry, the company's crown jewels are its floor plan banking relationships (which took 4-5 years of stellar performance to obtain, but that are critical to quickly sourcing attractive inventory), top search engine placement and history of 100s of 5 star reviews and recurring satisfied historical clients and potential future client following. Of course, a buyer will learn how to replicate the seller's ability to predict what models will have excess demand, maintain a market pulse, be able to efficiently scan the market for availability and not only obtain inventory, but ultimately effectively sell it! While competition exits in all aspects of new and used auto sales, this dealership sets itself apart by specializing in hard-to-get inventory that has built-in demand due to scarcity. As a result, the tables are turned on the typical dealer's competitive metrics such as inventory cost, location and sales skills.
« Close this window »