Used Car Dealership w/ Property Available
- Listing Id: 4024
- Broker Name: Robert A. Lyon
- Category: Auto Dealerships
- Asking Price: $1,730,000.00
- EBITDA: N/A
- Real Estate: $435,000.00
- Cash Flow: $169,971.00
- Inventory: $300,000.00
- No. Of Full-Time Employees: 3
- No. Of Part-Time Employees: N/A
- Gross Income: $883,286.00
- FF&E: N/A
- Year Built: 1984
- Address: Click Here
- Zip Code: Click Here
- City: Selma
- State: CA
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
Used Car Dealership in Fresno County selling used cars since 1984. The Asking price includes the on-going Business.Included are the following: $300,000 Inventory valued at cost; $845,000 Accounts Receivable backed by collateral; andthe Real Property appraised August, 2014 for $435,000. The rental income from space not utilized by the Car Dealershipfor 2014 will total $32,000 (included in the Sellers Discretionary Earnings above). Buyer would need to have in place a Dealers License obtainable from the DMV in order to continue the sale of cars. Upon transition to a new owner theInventory and Accounts Receivable will be reviewed, adjusted, and evaluated at that time. The income has dramaticallyincreased in 2014 with the total income above $893,000 for the year and the net over $137,000.
Financial Summary
N/A
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