$600K Profits- Retail Auto Sales Locations Repair Shop, Owner Finance

Citrus County, FL

Seller Financing Available

Service
Asking Price:$1,000,000
Gross Revenue:$6,295,058
Rent:$6,000/Month
FF&E:$100,000
Cash Flow:$600,000
Inventory:$1,000,000
EBITDA:$600,000
Established Year:2000
BUSINESS DESCRIPTION

Motivated Seller = $1,000,000 +++ Blue Sky - This won't last long! Consistently profitable over 10 years running! Locations 5 miles apart / Multiple Retail Auto Sales Locations, Repair Facility, / Florida Tropical Paradise.

No competition. These lots specialize in selling point of sale financing, and financing in house buy here pay here secured auto loans. Business performance was up in 2021 with net profits over $1M net profit, and 2022 $600K net, company financials are consistently profitable. In business 22 years with great locations and talented personnel and procedures that allows for absentee ownership and limited oversight.

Citrus County is a county located on the west central coast of the U.S. state of Florida. As of the 2020 census, the population was 153,843.[1] Its county seat is Inverness,[2] and its largest community is Homosassa Springs. Between 2019 and 2020 the population of Citrus County, FL grew from 145,169 to 147,938, a 1.91% increase and its median household income grew from $44,237 to $45,689, a 3.28% increase.

The north-central city lies west of Ocala and north of Homosassa. This small town is located on the Rainbow and Withlacoochee rivers and bills itself as the Treasure of the Nature Coast. This aera has something to offer everyone: from beautiful Rainbow Springs State Park and the awesome rivers to strolling the lovely tree lined streets of the Dunnellon Historic District. Florida lifestyle on a river boat ride, tubing, swimming, kayaking, fishing for that big bass or shopping for one-of-a-kind gifts at the unique shops and antique stores. This aera is true old-time Florida charm.

Owner will finance Goodwill & FF&E 5 years 7% APR with 60% DOWN PAYMENT. Seller financing only if qualified buyer with experience in industry. Real estate has long term leases, which is not included in the purchase price.

NOT INCLUED BUT AVAILABLE + $1,000,000 INVENTORY and BHPH RECEIVABLE PORTFOLIO APPROXIMATLEY $2M MILLION RECEIVABLES NOT INCLUDED IN PURCHASE PRICE. Business is very profitable. Owner would consider financing these as well, for qualified buyer with industry experience.

FOR MORE DETAILS YOU CAN ALSO CONTACT DOUGO 1-833-399-7500

Asking Price: $1,000,000

Cash Flow: $600,000

Gross Revenue: $6,295,058

EBITDA: $600,000

FF&E: $100,000

BLUE SKY / GOODWILL & FF&E: $1,100,000

Commercial Real Estate: 3 Properties Available via Sub Leases

FOR MORE DETAILS YOU CAN ALSO CONTACT DOUGO 1-833-399-7500


DETAILED INFORMATION
Location
Citrus County, FL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
6,000
Lease Expiration
01/11/2027
Employees
16
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This sale includes two established profitable auto dealerships, and one repair shop. The three locations include (Approx. 1.5 acres) and the repair business (All same owners). All buildings and land can be leased. All properties have low lease terms. All necessary equipment including 4 floor lifts in repair shop, and turnkey furnishings in place at all locations @ 100k +/- and NOT included in purchase but available + $1,000,000 mil inventory and additionally available + $2,000,000 mil +/- accounts receivable and priced at 85% equaling $1,700,000 mil.
Competition
Great functional locations in all the right spots and low competition. This small town is located on the two rivers near the Nature Coast. This city has something to offer everyone: from beautiful Crystal-Clear Springs and the awesome rivers, to strolling the lovely tree lined streets of the Historic District. FOR MORE DETAILS YOU CAN ALSO CONTACT DOUGO 1-833-399-7500
Growth & Expansion
Owner conservative, upside for growth.
Financing
Good will and FF&E being offered at $1.5M. Owner Financing 60% or $900,000 Down
Support & Training
Negotiable. Owner will stay as needed. TBD but can be negotiated.
Reason for Selling
Retirement
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Mark
L. Allen
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Mark L. Allen