Auto registration, Insurance services & auto sales located on a signal intersection in a high traffic area of Long Beach. The business has been active since 1935 as a car dealership & current owners who are husband & wife team took it over about 10 years ago & expanded the business to auto registration & auto insurance as well. In recent years auto registration & insurance business has increased to a level that they had to hire a full time clerk to handle the extra business.

The business is surrounded by a variety of complementing business such as auto repair, auto body shop, auto part store, auto glass & other related shops.

The revenue comes from auto registration fees, selling auto insurance policies & car sales.

According to the owner this location has a great potential for growth by adding sales force and inventory level. The car lot is over 18,000 sq. ft. & has room to park over 60 cars. The dealership has multiple offices which have been remodeled and conveniently could fit expanded sales force or be utilized for other related & complementing services.

The owner will train the buyer for 4 weeks on auto registration & insurance services & willing to provide longer training period under certain terms. The landlord is willing a favorable lease term for a qualified buyer. This location has under market rent.

Annual Revenue: $550,000
FF&E (Included in the price): $10,000
Inventory (Included in the price): $ 0
Seller’s Discretionary Cash Flow: $150,000
Asking Price: $400,000

Disclaimer: The information above was furnished by the seller. Broker or its agents have not verified the information and makes no representations as to its accuracy or reliability.

Posted May 10, 2016

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