Listing ID # 32794
Niche fully Licensed and Insured Vehicle Dealer with Consistent and Exceptionally High Margins. This business was built from scratch by the current and original owner over 35 years ago. Although he loves the business, he is very involved with his family of 4 generations living in the immediate vicinity, managing his investments and desiring more personal time. This is a truly unique business. They specialize in a niche segment of the industry with very high margins. In fact, they have an average gross profit of $10K or more on each sale. What makes it even better is that almost 100% of their new business is developed from their website and social media leads and more than 66% of all vehicle sales are completed on-line or by telephone with end-users and other dealers from all over the country due to the strength and maturity of their website which has many first-page search results. They have a dealer license valid for sales and purchases in all 50 states. This is not a traditional dealer. They operate with very low overhead and a small staff from a very comfortable and easily accessible office space. In addition to the owner, there are 3 key F/T employees and one P/T employee. All would be willing to stay on with a new owner as long as they are treated fairly. In fact, the owner would be willing to stay on for a lengthy training and transition period and as a salesperson, purchasing agent or consultant thereafter. In the past year, the business grossed approx. $2,250,000.00 with an owner's cash flow of approx. $572,000.00. All financial records are well-documented as vehicle sales must be registered with NY State. Although the business continues to grow the owner has important other issues mentioned earlier and he is very comfortable with his current cash flow. There is tremendous room for growth in adding vehicle financing, extended warranties, and expanding the volume of vehicles for sale and adding additional sales staff. We are seeking a serious and financially qualified buyer with at least $1,300,000 in liquid funds to cover the down payment, plus an additional $800 for current inventory. A qualified buyer can obtain financing for the vehicles against the vehicle titles. You do not need a motor vehicle sales background, since the Operations Manager has been handling many of the sales and purchases for the last several years but a financial or sales background would be a plus. All meetings must be scheduled by appointment only after providing proof of liquid funds for at least $2mil.
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