Asking price is just $750,000 plus stock (of $1.5m)
This is a business with exceptionally strong systems in place and tried and tested methods for making money. This is the angle that grabbed our attention when we were listing this business.
This business operates in a very defined sector of the used car sales market where it has few direct competitors that can match price and quality of product & service.
The owner has spent more than 15 years perfecting the systems now in place and building the relationships with key F&I suppliers and wholesale contacts. All of these vital tips and relationships he will pass on through a comprehensive transition period. It is not essential that you come from this sector, but you must have a head for figures and the experience to negotiate.
The business enjoys sales of over $10m per annum. The owner enjoys a cash surplus of around $880,000 per annum ($706,000 as an EBITDA). The dealership sells approximately 30 vehicles per month and plenty of these sales include finance packages and warranties.
The business operates from a premium yard with plenty of parking, a covered showroom and large office spaces.
You will be taught everything about this business and about this Industry. 15 years of IP will be passed to you over a long transition period. The owner is even willing to put his money where his mouth is. If you feel happier with him retaining a share in the business for a period, he is happy with that.
So – would he sell it if it is so good? Simply – his family is relocating to Australia.
BUSINESS HIGHLIGHTS
- Highly systemised
- A defined ‘niche’
- Over $10m in annual sales
- Around 30 units per month sold
- Lucrative finance and warranty sales
- Premium yard
- Around $880,000 as an annual cash surplus
Very rarely do car dealerships come to market and certainly not with the consistency and simplicity of this one. The economy has not slowed sales here. The results are consistent.
As part of the sale is stock with a cost value of $1,500,000. Some financial assistance with the purchase of stock may be available for the right buyer. The business we are selling for JUST $750,000! The owner understood that the stock portion is large and so we have been exceptionally practical with the business price.
Asking $750,000 plus stock of $1.5m
Rafiq Bhamani, 021 129 1916, rafiq.bhamani@linkbusiness.co.nz
Nick Giles, 021 676 832, nick.giles@linkbusiness.co.nz
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business.
#wesellbusinesses #auckland #automotive #car #dealership
