As of April 2022 the Company carried over 40 autos in its inventory valued at over $450,000 at cost. The Company also has a full service shop that handles a wide range of maintenance and repairs that make up approximately 15% of annual sales.
In addition to used car sales, the Company’s facility hosts a full service department capable of anything from oil changes to repairs. Customers that purchase their car from the dealer often use the Company’s service shop for maintenance and upkeep, which is approximately 15% of annual sales.
The Company’s facilities and resources are not currently at capacity, so future growth will be supported by the current assets and facilities on hand.
Asking Price: $1,200,000
2021 Annual Sales: $3,780,000
2021 EBITDA: $349,000
Property Valuation: $450,000* or lease for $45,000 per year
*Not included in the business asking price.