Well Established BHPH Car Dealership (Since 1984)

Bellingham, WA

Seller Financing Available

Asking Price:$500,000
Gross Revenue:$2,971,000
EBITDA:$462,000
Real Estate:$2,100,000
Cash Flow:$462,000
Inventory:$1,300,000
FF&E:$219,000
Established Year:1984
BUSINESS DESCRIPTION

Unique Opportunity to Purchase a Recession-Proof Dealership!

Liquidation Car Company has been a trusted ‘one-stop-shop’ for our local community's automotive needs for the past 40 years. We have been known as 'the walking man's friend.'

Our business motto is 'Business you can trust; Service you can count on.'
Our business model, accompanied by our policies and procedures, have proven to be recession proof since 1984. We are confident that they offer great opportunity for future growth and success!

By providing sales, repairs/ maintenance, autobody/painting, towing, parts and in-house financing, we have built an ever-growing generational customer base and are known as the largest BHPH source for Whatcom County, surpassing all of our competitors!

We have offered specialized in-house financing at 0% interest, with down payments as low as $500.00 since day one! Currently, our inventory ranges from $5,000-$25,000 and includes vehicles of all makes and models.

Centerally located in Whatcom County, we enjoy excellent curb appeal! 23,000 members of our local community drive by our dealership on a daily basis, giving our inventory excellent exposure. (Our 4x8 doubled sided LED reader board signs help maximize our exposure as well.) The newly asphalted sales lot holds 120 vehicles, while our fenced storage lot can store over 500 vehicles; we believe that the opportunity for future growth is exciting and limitless for the new owner.

In addition to storage units, our facility also includes: detail and wash bays and five spacious mechanical bays. Our newly renovated sales office offers a large sales floor, five ergonomic work stations, multiple private offices, a break room and two restroom facilities.

After forty years of proven success, the new owners of Liquidation Car Company will enjoy the benefits of a well established customer base, pre-established discounted vendor accounts, defined services, proven procedures, a robust inventory, existing knowledgeable staff, and limitless possibilities!

The purchase includes all assets essential for a 'turn-key' operation.

**Disclaimer: All information provided is deemed to be reliable but not guaranteed and should be independently verified. Some numbers have been rounded for ease of listing.


DETAILED INFORMATION
Location
Bellingham, WA
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
5,400
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Included Shop Equipment: (Auto Car Wash, 6 Hoists, Alignment Machine w/Rack, Automatic Key Machine, Computers, Printers, Network Equipment, A/C Machine, Specialty Automotive Tools, Tire Machine, Tire Balancer, Brake Lathe, Hybrid Battery Refurbishing Tools, Forklift, Tire Inventory, Auto Parts Inventory,)'2 Tow Trucks, and much more! Separately Available: (5 Acre Commercial Property w/ 4650 sq ft & 750 sq ft Buildings Available Separately or for lease), Approximately 550 Vehicles in Inventory, Robust Portofilo of Accounts Receivables (Vehicle Loans).
Competition
THIS DEALERSHIP IS NOT YOUR TYPICAL DEALERSHIP! We offer a unique service/product; our model is both well received and profitable for the community. We provide vehicle financing for individuals with all credit types, while experiencing economic success. Our company has outlasted all of our competition and has thrived regardless of the economy. By offering in-house financing at 0% interest with down payments as low as $500,not only do we serve our local community,but we expand our sales opportunities. We have the unique ability to finance 95% of deals
Growth & Expansion
The business is turnkey and ready to make profits. It has been a successful "one-stop-shop" and supported the current owner for many years. The owner has been absentee since the end of 2018 and has only recently taken back over the management. The opportunities go as far as you are willing to take them (the more time invested the faster the company will grow.) This industry requires a dedicated and knowledgeable on-site manager to be successful. (The current owner owns multiple businesses and is looking to simplify his business portfolio.)
Financing
Some seller financing may be available.
Support & Training
The current owners are willing to share their experience and knowledge during the transition and beyond,if desired, either in person or by phone. Our hope is to find the right individual(s) to take the helm and to set them up for success. Our priority is to see the company move forward successfully verses simply selling the business for financial profit.
Reason for Selling
The owner is looking to devote more time to his other businesses and endeavors.

BUSINESS LOCATION
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Jonathan L.
Jonathan L.