Listing Number: 3301-997108
Description
It is the best time to invest in the business of selling cars. In a seller market, selling cars and car dealerships are enjoying historical business surge.
Located on a main road in the heart of the Waterloo Region's car dealership district. Established in the year 2000, it has continued to expand its offering of a full range of domestic cars, trucks, vans, and SUVs for a variety of needs and budgets. Dealership has serviced more than 10,000 happy customers.
Loans tailored to a wide range of buyers with varying credit scores and occupations, as well as warranties, are considered additional income streams that support this type of business. Access to car auctions and training on the auction dealing process are critical components of this transaction.
This business is best suitable for:
* Expanding existing used car dealership looking to expand in a new prime location.
* Experienced car dealership employees looking to for an opportunity to start their own business.
* Any Entrepreneur interested to venture in used cars industry with the guidance of an experienced business owner who is willing to spend time in training ang guiding new owners.
Business Information:
Location: Main car dealership commercial street in the Region of Waterloo
Lot Size (leased): 90 x 164 Ft (14,760 Sf)
Years in Business: 20 Years
Selling Price: $450,000
Gross Sales: $1,175,000
SDE: $240,000
Value of Inventory Included: $200,000
Current Number of Cars in Lot: 60 ($600,000 - $800,000)
Ideal Number of Employees: 2
Additional Facilities: Small repair area for business needs
What is Included:
* Transferable rent contract
* All licenses available
* $200,000 worth of inventory
* Access to car auction
* Training and support by current owner
* Additional inventory to be added to selling price
Listing Details
- Price: $ 450,000
- Down Payment: --
- Sellers Discretionary Earnings: $ 240,000
- Total Sales: $ 1,175,000
- Location: Waterloo Regional Municipality, Ontario
- Inventory: $ 200,000
- FF&E: $ 0
- Employees:
- Reason for Selling: Retirement
- Category: Automotive
