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Description

OFF-MARKET ‘Q2 2021

DMV Approved Used Car Dealer: Professionalism Pays

Orange, CA (Orange County)

Asking Price: $100,000

Cash Flow: $60,000

Gross Revenue: $250,000

EBITDA: N/A

FF&E: N/A

Inventory: Retail value $118,000

Established: 2018

Employees: 1

Business Description

Launched in Texas in 2018, the dealership operates like an automotive concierge service by seeking high-quality, in-demand vehicles that discriminating, value-oriented buyers will pay top dollar for. With just a $10k investment, the Seller built a revolving 30-car inventory within two years. With an inside track to the used car inventory of a nationwide dealership that auctions cars, but unlike many auction houses, allows pre-bid test drives and inspections before purchase. This enables the dealer to buy higher quality cars with less risk and greater potential for both profit and happy customers.

After purchase, all cars go to respected mechanics, then a body shop, then for a comprehensive detailing to make the car sparkle inside and out before it’s professionally photographed and posted for sale online.

Cars are posted for sale on popular sites like Craigslist, Car Gurus, Cars.com and Facebook market place with software that enables posting to multiple sites at once. Cars are also posted to the Company’s professional website and on social media.

Finding a location that was both DMV approved and acceptable by local county and city ordinances was a challenge. The Seller spent a great deal of time and money seeking the right place. It took more than a year to settle on the current configuration, which is a central business office and an offsite car lot. To someone who wants to be a private dealer or open a branch of another dealership, this is the opportunity’s great value, the Seller said.

Detailed Information

Facilities:

Small, professional office that is DMV approved is in a nice area for $650 per month. Warehouse or storage lot for cars vary depending on location. Seller was paying $2,000 per month for a secure spot less than two miles from the office.

Competition:

Bulk used car sales lots are everywhere in California. Few have trusted reputations. This small, concierge-level dealer looks to make money and a reputation by finding high-end cars at value prices and make shopping for a car and buying one, a more personal, professional experience with a greater level of (earned) trust.

Growth & Expansion:

Depends on funding to purchase cars and a convenient place to store them.

Financing:

N/A

Support & Training:

For few weeks to make introductions to the contactors and go through the buying and reselling process that has created his success.

Reason for Selling:

Transporting cars from TX to CA presented logistics investment opportunities.

Contact info

Pronova Partners

Inquire about this property

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