Retail - Automotive Dealers | Retail - Miscellaneous Retail

Asking Price	$250,000	Inventory
Gross Income	$509,640	Real Estate
Cash Flow	$89,647	Year Established	2006
FF&E	$10,000*	Employees	1

* included in the asking price

** not included in the asking price

Business is located in the Durant, Ok area (One hour away from North Dallas) and is situated on a busy highway with frontage and access. This is the only lot in the area that can offer on-site financing with immediate approval through a Credit Acceptance franchise which is included in the package (you don't assume any of the risk). The lot has room for at least 50 cars behind a gated fenced lot for security. The office building has three offices and a reception/common area, and has a two bay garage in back for maintenance and detail work. An additional building on back of lot has four large open bays and a large enclosed garage that is currently sub-leased. The business currently has over $350,000 in outstanding A/R’s that will pay out over the next 4-5 years and are included in the sale. The current owner obtains all of his cars through a wholesaler who also provides floor plan credit financing. The owner paid over $81,000 in wholesaler up-charges and $37,250 in floor plan charges. A new owner purchasing cars through auction himself would save over $80,000 in cost of sales expenses. The business can be relocated and the Credit Acceptance franchise can be applied to another car lot. The Seller is very motivated!

Facilities: Leased facility with one acre of land and two large office and storage buildings. Entire lot is fenced and gated for security.

Competition: Minimal competition in the immediate area and this is the only one offering on-site financing. The Credit Acceptance franchise can also be applied to other dealerships if the new owner wants to expand or relocate.

Growth/Expansion: Currently they do minimal advertising or marketing so active advertising should pay big dividends in increased business. New owner should also purchase inventory directly from auctions instead of using a wholesaler as they currently do saving over $80,000 annually in costs.

Support/Training: Owner will provide up to 30 days training and support.

Reason Selling: Owner needs immediate cash to move into another business quickly.