Car Dealership with Property in Mobile, AL!
| Asking Price: | $599,000 |
| Inventory: | $100,000 |
| Gross Revenue: | $600,000 |
| Real Estate: | $599,000 |
The Car Dealership generates income from car sales and financing!
Dealership has approximately 190 accounts with each account collecting between $250 to $275 per month! Interest rate on the accounts is 24.95% with mostly in-house financing!
Sales are an average of $50,000 per month! 47 of the 49 cars sold in the last 3 months of 2024 were financed, collecting over $72,000 in down payments! Additional revenue is generated monthly from these open accounts!
All cars are tracked with a built-in sensor! If the payment is even one day late, then repossession is permitted. Repo company is reliable!
Seller has a Mechanic onsite to handle repairs! Minimal learning curve for the Buyer!
Closed Sundays! Favorable hours from 9am to 6pm each day! Seller is the only person working the business other than the mechanic! Seller is looking to semi-retire!
Main building is 2,500 SF! Property is 0.45 Acres!
New HVAC was installed in 2024 and the building's electrical panel was replaced in 2019!
Highly visible corner lot with two-way access to each road!
Google Reviews are 4.0+ Stars! Take over a business that is trusted by the local community!
Dealership is located at a busy intersection that sees over 21,000 vehicles pass by daily!
Over 125,000 residents within 5 miles of the store. Population is projected to grow by over 2% over the next 5 years! Median household income is $55K!
Less than one mile from a 50+ acre development featuring large scale grocers, shopping, several hotels, and a Top Golf!
Less than one mile from I-20, and just over one mile from I-65 and the Mobile International Airport!
Surrounded by mixed use developments, apartments, and single family homes! Over 3,000 households within 1 mile of the dealership!
10 Minutes From Downtown Mobile! 1 Hour From Pensacola, FL! 2 Hours From New Orleans, LA!
Asking Price for Business and Property: $599,000 plus inventory. Inventory is guesstimated to be around $100,000 at cost.
View Our Listing Video on YouTube!
https://www.youtube.com/watch?v=NB13o-6PRVw
