Description of the business for sale
PRICE REDUCED>>>>Immediately available. Well established, 13 year old domestic multi-franchise automobile dealership in Northeastern Kentucky, 20 minutes from a 3 state major metro area. Annual sales of $18,000,000+ for past four years. Excellent location and reputation with large sales lot (200+ units), used car sales lot and large modern facility with room for expansion. Real estate may be leased or purchased, however, seller prefers to sell entire operation due to family health issues. Total lot is 3.52 acres, building is 16,880 total sq. ft. (showroom 1,500 sq. ft offices 5,580 sq. ft., service & parts 9,800 sq. ft.) Calendar year 2005 tax and financial information available.
2005 gross sales $18,614,886
Operating profit 300,100
Profit before tax $328,375
Departmental sales: New car $12,0267,666 Used Car $4,697,910 Parts $1,265,620 Service $624,729
Description of the facilities
Furniture, fixtures, and equipment = 498644
Furniture, fixtures, and equipment included: Y