Listing Number: 76931-974240
This business was valued at $900K but was reduced to $500K for quick sale.
This is a retail and wholesale used car dealership that offers cash car rental, in-house financing, and overseas shipping. Cash flow from the rental business is outstanding. This business was established more than 10 years ago. Current annual sales are greater than one million with seller's annual discretionary earnings around $450K.
In spite the COVID-19 the business is striving especially for the used car sale and even more for the rental car industry. This is because of the cares act and the stimulates economy. These are very good times to buy a very healthy and strong cash flowing business in this kind of economy. This is a niche business and the seller will train on all aspects of the business. This is an in-demand business especially during these unprecedented times. Here are few quick points about this business: 1- Income in the hundreds of thousands. 2- Recession resistant business. 3- Strong customer base. 4- Not a franchise therefore no royalties. 5- Very little overhead. Remember the saying: “In the middle of every difficulty lies an opportunity.” and this is one of them. Take advantage of this opportunity that is flourishing during these difficult times. DON’T MISS IT!
- Price: $500,000
- Down Payment: $400,000
- Sellers Discretionary Earnings: $450,000
- Total Sales: $1,000,000
- Location: Harris County, Texas
- Inventory: $15,000
- FF&E: $85,000
- Employees: 5
- Reason for Selling: Health
- Category: Automotive