Used Car Dealership
Location: California > Santa Clara County > Santa Clara
Industry: Auto Related > Auto Dealers
Financials
Asking Price: $180,000
Gross Revenue: $5,690,946
Cash Flow: $50,000
Inventory: $150,000 (Not Included in Asking Price)
Business Summary
This is a small used car lot just off El Camino in Santa Clara. It is one-person operation with outside help for mechanical repair on the cars. The business carries its own loans, which is very profitable. The loans are all short term, less than 3 years at an interest rate of 2% per month. Very few cars have been repossessed, only 2 or 3 in past two years. The interest income on the loans is approximately $4,000 a month.
A buyer may select to purchase any or all of the cars on the lot. Those not purchased will be wholesaled off by the seller. The lot can accommodate approximately 24 cars.
The asking price includes $115,000 of A/R’s.
A buyer may select to purchase any or all of the cars on the lot. Those not purchased will be wholesaled off by the seller. The lot can accommodate approximately 24 cars.
The asking price includes $115,000 of A/R’s.
About the Business
Year Established: 2006
Employees: 0 full time - 0 part time
Facilities: The business is located just off a major street, with signage in the main street. The building is 1,032 sq.ft., and the lot is 11,779 sq. ft. It can accommocate apporximately 24 cars. The Rent is $3,555 including NNN.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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