What a great business with a simple business model and grandfathered license to sell used cars. Price includes 1/2 acre of land on major multi-lane arterial street.and building which alone is valued at the purchase price. This is a complete steal! The License is no longer being issued in Henderson. Seller is not present in the business but purchases cars at the auto auction online on a weekly basis for between $4000 and $6,500. Approximately 15-20 cars are sold each month May to Dec and ‘50 cars per Month’ Jan to April. Sales can either be financed in house or with outside financing. The in house financed sales and collections can also be sold to a third parties. Seller makes less profit on cash purchases or third party financing purchases but those funds contribute immediately to cash flow. Seller also makes significant income on repossessions of the in house financed transactions. This business has shown a regular profit of approximately $250,000 per year and should be significantly higher if owner-operated. Profit is totally verifiable with excellent books, records, financials and tax returns. Huge upside potential by being present in the business and by changing the inventory to include SUV’s and Trucks. Also can be opened on Sundays which is a huge used car sales day.
Asking Price $399,000
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