Auto Auction and Transport Company #63697

This company is made up of 3 entities, an auto auction, a repair shop [which previously sold retail autos] and a vehicle transport company. The transport business is able to transport cars for the auction as well as the dealership [if Buyer wishes to operate]. The dealership maintains an impressive website and could easily be reactivated with little capital outlay. The auction entity is a member of the Auction Access Network in order to vet and strategically verify dealers. This company has developed strong and lasting client relationships, and has a highly experienced staff who’s skillsets provide for fast and cost Location: Texas Year Established: 1946 Number of Employees: 39 Real Estate: Owned Building Sq. Ft.: 27,200 Facilities: ***REAL ESTATE AVAILABLE FOR SALE OR LEASE*** Facilities– The Company operates out of two separate locations, a 17,500 square foot building, and a 9,700 square foot building. Market Outlook/ Competition: • Facilities– The Company operates out of two separate locations, a 17,500 square foot building, and a 9,700 square foot building. The real estate these buildings sit on are available for sale or lease. • Well-established niche market and superior reputation– As a wholesale auto auction and used car dealer, the Company has made a name for itself by supplying reliable vehicles. Dedication to reliable vehicles and superior service has allowed the Company to be successful in retaining customers as well as obtaining new ones. • Decreasing Operating Expenses- Operating expenses have been trending lower, decreasing as a percent of sales from 69% in 2018 to 65% in 2020. Effective management of operating expenses led to greater profitability during the historical period. • Strong Net Working Capital- As of December 31, 2020, the Company’s unadjusted current assets were approximately $3,157,000, and unadjusted current liabilities totaled $667,000. Strong NWC provides a pool of resources the company can draw from for continued growth. Growth & Expansion: *Geographic Expansion *Service Expansion *Hire Additional Sales Staff