Auto Dealership, Quality Pre-Owned Vehicles - Philadelphia, PA.
| Asking Price: | $1,975,000 |
| Gross Revenue: | $19,000,000 |
| Rent: | $21,000/Month |
| Established Year: | 2013 |
| Cash Flow: | $800,000 |
| Inventory: | $2,950,000 |
| FF&E: | $70,000 |
Seller is retiring - Great Service and Reputation
Located in Philadelphia, PA, this bustling and profitable auto dealership boasts two locations with an average inventory of 180 cars. The business enjoys a strong following, bolstered by outstanding online ratings and reviews. Specializing in quality used vehicles, the dealership offers warranties and bank financing. With attractive storefronts that have excellent curb appeal and visibility, it successfully moves an average of 70 cars monthly, ensuring robust cash flow and profit margins.
The dealership's inventory includes mid to high-end cars, trucks, and SUVs, earning significant brand value and positive name recognition. It benefits from a powerful online presence, effective marketing strategies, and a well-established reputation. The business is supported by a competent sales and finance team, along with adept management overseeing daily operations. As an independent dealership, it holds franchise status with all lending banks for customer loans and offers a $3 million floor plan for inventory financing available to prospective buyers.
Due to family-related relocation, the current owner is seeking to sell the business. The owner, fulfilling the role of general manager, is supported by an assistant GM and floor management for sales and finance. The seller is committed to facilitating a smooth transition post-sale as required.
