High-end Used auto dealership

Denton, TX
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Asking Price:$300,000
Gross Revenue:$4,319,346
Rent:$12,000/Month
Established Year:2016
Cash Flow:$207,000
Inventory:$1,200,000
EBITDA:$207,000
BUSINESS DESCRIPTION

This auto dealership started its Texas operation in 2016. It is located in a fast growing part of the far north DFW metro area. They maintained excellent growth and gross margins over the past 4+ years. They specialize in European makes and models and offer many luxury vehicles that are rather popular in the Dallas-Fort Worth area.There are avenues for growth, such as hiring mechanics. This will allow for better margins, customer retention, and the ability to offer more generous warranty options.The current sales staff is excellent, and there are three highly effective salespeople in total. Ultimately, the ideal buyer is someone who understands the auto industry and genuinely loves cars. It is a great expansion opportunity for an existing dealership owner who is interested in offering certified pre-owned (CPO) vehicles and/or expanding to offer more luxury European models. This business utilizes outdoor lot with awnings and indoor showroom.


DETAILED INFORMATION
Location
Denton, TX
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
30,000
Employees
5
Facilities
The business is on a major freeway in a fast growing part of far north DFW metro area.
Competition
This business serves a niche.
Growth & Expansion
Add auto repair. this will lower cost for warranty work and bring on new inventory.
Financing
Buyers must get a floorplan that buys the inventory at closing.
Support & Training
As needed.
Reason for Selling
Semi-retirement in another country.
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Scot
Cockroft
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Scot Cockroft