VERY Profitable Used Car Dealerships with Mechanic Shop for SALE!
Baltimore, Baltimore (City) County, Maryland, United States
Asking Price$700k
Revenue$3.28m
EBITDA$263k
Cash Flow$318k
Description
Discover an exceptional business opportunity with this renowned two-location used car dealership and mechanic shop in Maryland. Established in 2002, this business is celebrated for its competitive pricing and flexible financing options, distinguishing it from local competitors. The sale includes two leased, fully-equipped facilities covering 27,000 square feet, with assets such as a tow truck, paint booth, three lifts, and a frame machine. Opportunities for growth abound, including expanding operations at the spacious second location and diversifying services at the mechanic shop.
With an annual revenue of $3,282,636 and an EBITDA of $262,585, this business generates a robust cash flow of $317,586, ensuring a lucrative investment. The attractive sale price of $900,000 includes substantial inventory valued at $810,000, with seller financing options available, subject to negotiation. The workforce of three full-time and four part-time employees ensures seamless operation during the ownership transition. The current owners are committed to a smooth handover, offering up to six months of training and support.
This opportunity is perfect for ambitious new owners ready to inject fresh energy and capitalize on existing foundations for future growth. Motivated by health issues and retirement, this sale presents a rare chance to acquire a reputable enterprise with a strong market position. Don't miss the opportunity to own a dynamic business with significant potential in the automotive industry. Additionally, the business benefits from an extra $230,000 in cash flow annually through a partnership with Credit Acceptance, offering ongoing opportunities for revenue enhancement. (this income is not reflected in the figures above). This income is not transferrable as the new owner has to set up their own pools of cars through Credit Acceptance but it shows that there is additional income to be made with the creditor relationship in place!
Real Estate
Rent is $12,000 per month
Building Size: 27000 sq. ft.
Furniture Fixtures & Equipment
$150k
Inventory
$810k
Number of EmployeesFull-Time: 3Part-Time: 4
Year Established
2002
Reason Selling
Health issues and retirement
Facilities & Assets
The two locations both have fully equipped office spaces to be operated out of. The mechanic shop has a tow truck, installed paint booth, 3 lifts and a frame machine.
Support & Training
Current owners are willing to stay on board for up to 6 months to help with training and support.
Market & Competition
The main competition are other smaller dealerships around but this company stands out with it's competitive pricing and the financing options that it offers.
Growth Opportunities
Younger, more energetic ownership could expand operations further/ Potential for increased sales at second location due to additional space. Opportunity to utilize the mechanic shop and paint booth for external repairs and more service work.
Financing Options
Seller financing is available.Terms to be negotiated
Asking Price$700k
Learn MoreAfter inquiring the broker will reach out to you to discuss the next steps.