Description of the business for sale
This small-market Chevrolet, Chrysler, Dodge, Jeep dealership is being offered outside the family for the first time since the 1940 s. The present owner has successfully run the family business for 15 years. Consistent profitability is apparent as the past 3 years have yielded between $350K -$450K in discretionary earnings. By operating at below the manufacturers planning potential, there is still room for vast improvements and growth.
GROWTH: As previously mentioned, the store has room for growth in new car sales. Additionally, serious opportunity lies in the used car department as the current owner has never aggressively sought to acquire sufficient inventory outside of trade-ins. Finance and Insurance operations could be improved, and fixed operations will benefit from increased vehicle sales.
COMPETITION: The market for new cars is always competitive and this store operates in this competitive environment. Offering 4 domestic brands in this rural market is a strong asset for this company. Trucks dominate, but there is a good variety of other public appeal vehicles offered by these manufacturers. The economic climate in this store s area is very positive; agriculture, oil and gas, and chemical industries are the major players and all experience success and rapid growth.
ADDITIONAL FINANCIAL INFORMATION
•Financing: This business is pre-approved for SBA financing.
REASONS FOR SELLING: Current owner has been going strong for 15 years and is ready for something new.
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Support / Training provided by seller
Owner will assist in a smooth transition with the new owner. Factory support and excellent training from the National Automobile Dealer s Association is available, as well as multiple training resources in the marketplace.
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Description of the facilities
Located downtown in a beautiful retro building, this dealership has ample room for current operations, as well as room for growth.
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