Used Car Dealership w/ Buy Here-Pay Here

, Texas 5 views 0 favorites

Financial Highlights
Asking Price
$349,000
Revenue
$2,476,413
Business Description

Used Automotive Sales business with emphasis on seller financing(Buy Here Pay Here). Started in 2008. 75% of sales are BHPH and 80% of the sales are repeat customers. Currently sending out all repair work, could drastically increase revenue if brought back in-house. Currently doing 250-275 BHPH customers but a New owner could get that up to 500 accounts easily. No advertising at this time and seller has done a poor job of keeping the website updated. Currently not open on Saturday or Sunday. Location: San Angelo, Texas Year Established: 2008 Number of Employees: 5 Real Estate: Leased Building Sq. Ft.: 3,000 Rent: $1,500.00 Per Month Lease Expiration: 7/15/2024 Facilities: Building is 3000sqft and lot will hold approx 55-60 cars. Currently leased at $1500/mo with four years remaining on lease and an additional 5 year option. Property could potentially be purchased for $200,000. Market Outlook/ Competition: Voted 2nd favorite used car lot in the city behind the Ford dealership that has over 1000 cars/trucks in stock Growth & Expansion: Doing Repairs in-house or opening on Saturday/Sunday.

Business Details
Industry:
Automotive & Boat
Real Estate Included:
No
About the Seller
AU
Admin User
6498
Active Listings
New
Member Since

Listed: Apr 18, 2022

Updated: 8 hours ago

Views: 5

Favorites: 0