Car Dealership Business-only in Mobile, AL
The Car Dealership generates income from car sales and financing!
Dealership has approximately 190 accounts with each account collecting between $250 to $275 per month! Interest rate on the accounts is 24.95% with mostly in-house financing!
Sales are an average of $50,000 per month! 47 of the 49 cars sold in the last 3 months of 2024 were financed, collecting over $72,000 in down payments! Additional revenue is generated monthly from these open accounts!
All cars are tracked with a built-in sensor! If the payment is even one day late, then repossession is permitted. Repo company is reliable!
Seller has a Mechanic onsite to handle repairs! Minimal learning curve for the Buyer!
Store & Property Information:
Closed Sundays! Favorable hours from 9am to 6pm each day! Seller is the only person working the business other than the mechanic! Seller is looking to semi-retire!
Main building is 2,500 SF! Property is 0.45 Acres!
New HVAC was installed in 2024 and the building's electrical panel was replaced in 2019!
Highly visible corner lot with two-way access to each road!
Google Reviews are 4.0+ Stars! Take over a business that is trusted by the local community!
Geographic & Demographic Information:
Dealership is located at a busy intersection that sees over 21,000 vehicles pass by daily!
Over 125,000 residents within 5 miles of the store. Population is projected to grow by over 2% over the next 5 years! Median household income is $55K!
Less than one mile from a 50+ acre development featuring large scale grocers, shopping, several hotels, and a Top Golf!
Less than one mile from I-20, and just over one mile from I-65 and the Mobile International Airport!
Surrounded by mixed use developments, apartments, and single family homes! Over 3,000 households within 1 mile of the dealership!
10 Minutes From Downtown Mobile! 1 Hour From Pensacola, FL! 2 Hours From New Orleans, LA!
Asking Price for Business and Property: $550,000 plus inventory. Inventory is guesstimated to be around $100,000 at cost.
Financials (USD)
Asking Price $550,000
Cash Flow Not Disclosed
Sales $600,000
Deal Terms
Represented by broker? Yes
Buyer Fee? Available On Request
Seller Financing? Available On Request
Willing to co-broke? Available On Request
Principals only? Available On Request
Franchise? Available On Request
Management will stay? Available On Request
Relocatable? Available On Request
Real Estate? Available On Request
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