 |
Used Auto Dealership For Sale - Central Coast, California, CA - San Luis Obispo County |
|
This listing apparently has been taken Off The Market, however see all our newest business for sale listings in the state of California recently put on
the market for sale by business owners, business brokers, and agents. Selling a business? Review our list of professional Business Brokers &
Agents throughout California that can assist you. Financing is important in most deals - read about SBA Loan Financing for business purchases, and
review our California Resources for services to assist you with selling and buying a business. This resource section also includes an assortment of new
franchises and business opportunities for sale. Would you like to see new listings when they first come on the market? Sign up for our customizable
Daily Email Alert Report now - and see the best listings first!
|
|
 |
| PROFILE: Auto Dealer. Used Cars, Offering Financing (Buy Here, Pay Here) |
| Status: |
Off The Market |
|
| State: |
California |
|
| Location: |
Central Coast |
|
| County: |
San Luis Obispo |
|
| City: |
None Given |
|
| Primary Category: |
Auto Related |
|
| Alternate Category: |
None Given |
|
|
|
|
| Asking Price: |
$1,150,000 |
|
| Down Payment: |
Call/Email |
|
| Annual Revenue: |
$2,538,952 |
|
| Annual Adjusted Net: |
$400,000 |
|
| |
|
|
|
|
|
|
|
| Franchise: |
No |
|
| Relocatable: |
No |
|
| Home Based: |
No |
|
| Lifestyle: |
No |
|
| Real Estate Included: |
No |
|
| Bkr To Bkr Cooperation: |
Call |
|
|
DESCRIPTION: Business Summary:
This Business Exists To Offer The Financially Challenged The Ability To Be Able To Drive Too. They Are Not As Picky About Appearance Vs. Usability – 20 Years Later It Works! No Other Used Car Dealers From Goleta To King City Use This Format. This Business Has The Ability To Loan Money At A Higher Percentage Rate For Greater Return. The Major Weakness Is Dealing With High Risk Credit Individuals, But Knowing How To Deal With Them Limits The Risk. The “System” Will Be Taught And Disclosed A Part Of Training After Escrow Has Closed. The Company Specializes In Auto Sales, Used Cars, Trucks And Rv’s, Auto Finance And Auto Insurance.
Facilities Or Equipment:
Huge Lot Holds Over 150 Cars, 4 Car Bays, 80-100 For Sale And Over 100-140 Inventory Offices And A Fenced In Security Yard Included In Sale. The Seller's Inventory Ranges From 80-100 For Sale And Over 100-140 Inventory Vehicles. The Seller Offers In-House Financing With 35% Add-On Interest To Qualified Buyers With The Notes Usually Spread Over 12 Months.
Competition And Growth:
An Aggressive Owner Could Utilize The Repair Facility Or Add Detailing To Increase Revenues And Profits.
Competition: There Are Several Used Car Lots Within A Few Miles Radius, But Only A Few Compete In The Same Price Range And Non Have In-House Financing Available.
Price: $1,150,000
$2,250,000 (With Real Estate)
Gross Income: $2,538,952
Net Income $400,000
Inventory/Stock Value:$425,000 + Accounts Receivable $300,000
Ownership Structure: S-Corp
Tenure: Owner
Lease: N/A
Rent: $5500
Size: 4600 Sq Ft – Lot Size 13,700 Sq Ft
Employees: 2 Pt 4 Ft
Monthly Payroll $40,000
Operating Hours: 9am-5pm 7 Days A Week
Licenses: Dept. Motor Vehicles, Business
Home Based? No
Relocatable? No
Franchise? No
Reasons For Selling: Retirement
Owner Financing: No
Sba Qualified: Yes
Training Provided:negotiable
Year Established: 1987
Current Owner Years: 20.5 Years
The Market
A Greenbacked Year On The Dusty Lots
By Time Magazine
While All Eyes Are On The Pace Of Car Sales In The Nation's Auto Showrooms, 2008 Is Also Proving A Great Year For The Men Who Preside Over The Dusty, Sunbaked Used-Car Lots. Detroit Watches Used-Car Sales As Closely As New-Model Sales In Judging How Long The Auto Boom Can Continue. The Signs Are Encouraging: About Four Used Cars Are Now Being Sold For Every Three New Ones. While Used-Car Dealers Can Usually Sell A "Cream Pu
"—the Car In Good Condition With A Good Paint Job—they Are Doing So Well Now That Many Find Little Trouble In Unloading The Beat-Up Dogs. Boost From Below. The Horse-Trading System Of Selling New Cars In The U.S. Makes The Used Car A Vital Factor In New-Car Sales: In 74% Of All New-Car Sales The Dealer Takes A Used Car As A Trade-In. Bargaining Is So Hard That The Dealer Usually Makes No Profit Until He Sells The Used Car. If Used Cars Are Not Selling, He Understandably Lowers The Amount He Will Allow A Customer On A Trade-In. This, In Effect, Raises The Price Of The New Car, And Too Much Scaling Down Of Prices Can Slam The Brakes On Any Auto Boom. There Is, In Fact, A School Of Thought In Detroit That Argues That It All Moves In Cycles: As New-Car Sales Increase, Trade-Ins Bring In More Used Cars Until The Lots Become Clogged And Prices Begin To Drop To Move Them. No One Really Knows At What Point Today's Used-Car Market Will Be Saturated. Year After Year, Used-Car Sales Have Steadily Climbed: And This Year's Estimates Imagine On Another 10% Gain. The Increase In Sales Comes Mostly From The Bottom Of The Market—from Teen-Agers Now Reaching Driving Age, Who Grab Up The Six-And Seven-Year-Old Cars. A Sale To One Of Them Enables The Previous Owner To Buy A Newer Used Car For Himself, So The Effects Continue Right Up The Line To The Newest Models. And Many Families Make Their Second Car A Used One.
Area:
The Central Coast Of California Is One Of The Most Sought After And Lowest Cost Places To Live By The Ocean, With An Explosive Investment Real Estate Growth. Supported By Tourism And Surrounded By Pristine Beaches, Wine Country And Healthily Living Makes This A Dream Destination. The Area Is Still Small Enough To Be Considered Rural With Huge Growth Potential. Rarely Do You Find The Perfect Convergence Of Location, Land, Climate, Heritage And Architecture.
The Central Coast Represents A Truly Unique Opportunity. A Chance To Live In A Place Of Exquisite Beauty, Yet Have Close Access To Both Northern And Southern California And All Activities One Could Imagine. In This Kind Of Environment With So Much To Do And Explore, People Thrive, Families Bond, And Dreams, Quite Naturally, Take Flight. Located At The Exact Halfway Point Between San Francisco And Los Angeles, Local Government Supports Small Businesses And Growth Potential.
This Area Is Slated As The Next Malibu Beach, And A Smart Investor Would Get In Now And Grow With The Wealth. Observed By Jay Leno And Brad Pitt (Local Residents) As Their Best Place To Buy Property On The Coast Of California.
The Central Coast Will Exceed Your Expectations, Expand Your Opportunities And, Just Possibly, Help Set Your Life On A Whole New Course. Buying A Business On The Central Coast Will Allow You To Immerse Yourself In The Elegant And Unique Style. Owning A Business Here Offers A Completely New And Unique Opportunity To Live In This Dramatic Coastal Setting. Here Life Centers Around Adventure, Growth, Wellness, And Strong Personal Connections. |
|
Sign Up Now For New Listings BY RSS Feeds |
|
New All CALIFORNIA Businesses For Sale RSS Feeds |
|
 |
|
|
