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Used Car Dealership For Sale - Durant, Oklahoma, OK - Bryan County |
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| PROFILE: Used Car Dealership With On-Site Credit Franchise. |
| Status: |
Available |
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| State: |
Oklahoma |
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| Location: |
Durant |
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| County: |
Bryan |
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| City: |
Durant |
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| Primary Category: |
Auto Related |
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| Alternate Category: |
None Given |
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| USABizMart Ad #: |
131535 |
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| Seller Or Contact: |
John Hohenbrink |
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| Primary Phone: |
469-675-1193 |
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| Alternate Phone: |
None Given |
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| Email Address: |
See Form Below |
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| Date Ad Started: |
11/4/08 |
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| Date Ad Last Revised: |
11/4/08 |
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| Asking Price: |
$250,000 |
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| Down Payment: |
$250,000 |
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| Annual Revenue: |
$509,640 |
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| Annual Adjusted Net: |
$89,647 |
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| Franchise: |
No |
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| Relocatable: |
Yes |
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| Home Based: |
No |
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| Lifestyle: |
No |
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| Real Estate Included: |
No |
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| Bkr To Bkr Cooperation: |
Call |
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DESCRIPTION: Summary Description
Business Is Located In The Durant, Ok Area (1 Hour Away From North Dallas) And Is Situated On A Busy Highway With Frontage And Access. This Is The Only Lot In The Area That Can Offer On-Site Financing With Immediate Approval Through A Credit Acceptance Franchise Which Is Included In The Package (You Don't Assume Any Of The Risk). The Lot Has Room For At Least 50 Cars Behind A Gated Fenced Lot For Security. The Office Building Has Three Offices And A Reception/Common Area, And Has A Two Bay Garage In Back For Maintenance And Detail Work. An Additional Building On Back Of Lot Has Four Large Open Bays And A Large Enclosed Garage That Is Currently Sub-Leased. The Business Currently Has Over $350,000 In Outstanding A/R’s That Will Pay Out Over The Next 4-5 Years And Are Included In The Sale. The Current Owner Obtains All Of His Cars Through A Wholesaler Who Also Provides Floor Plan Credit Financing. The Owner Paid Over $81,000 In Wholesaler Up-Charges And $37,250 In Floor Plan Charges. A New Owner Purchasing Cars Through Auction Himself Would Save Over $80,000 In Cost Of Sales Expenses. The Business Can Be Relocated And The Credit Acceptance Franchise Can Be Applied To Another Car Lot.
General Information
Facilities: Leased Facility With Multiple Acres Of Land And Two Large Office And Storage Buildings. Entire Lot Is Fenced And Gated For Security.
Competition: Minimal Competition In The Immediate Area And This Is The Only One Offering On-Site Financing. The Credit Acceptance Franchise Can Also Be Applied To Other Dealerships If The New Owner Wants To Expand Or Relocate.
Growth And Expansion: Currently They Do Minimal Advertising Or Marketing So Active Advertising Should Pay Big Dividends In Increased Business. New Owner Should Also Purchase Inventory Directly From Auctions Instead Of Using A Wholesaler As They Currently Do Saving Over $80,000 Annually In Costs.
Support/Training: Owner Will Provide Up To Thirty Days Training And Support.
Reason Selling: Owner Needs Immediate Cash To Move Into Another Business Quickly.
Year Established: 2006
Employees: 1 |
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