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Used Car Dealer - Prime LA Beach Area - HUGE PRICE REDUCTION

BizEx1181-EM

Background

General Location:South Bay of LA, CA
Category: Automotive Dealers
Other Travel and Transportation
Years in Business:16
Under Present Owner:16
Hours of Operation:9:00 am - 6:30 pm
Owner Hours:Same
Training:2 weeks @ 4 hours
Organization Type:S-Corp
Lease Expiration:
Lease Options:New Lease to Qualified Buyer
Building Size:400
Employees:2
Reason for Sale:Other Opportunities

Financials

Asking Price:$95,000
Down Payment:Negotiable
Gross Sales:$1,200,000
Discretionary Cash Flow:$140,000
FF&E:$10,000
Inventory Included?No
Inventory:$50,000
Min. Operating Capital:$50,000
Real Estate Available?No
Rent:$4,000
Financing:SBA

2017 2016 2015
Gross Sales $ 1,200,000 $ 1,110,000 $ 1,250,000
Gross Profit $ $ $
Disc. Earnings $ 140,000 $ 110,000 $ 150,000

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