Premier luxury pre-owned car dealer located in a fast growing section of DFW. The business has an excellent location, and a well-trained staff who would like to stay. The company is consistently rated as one of the premier destinations for high quality pre-owned luxury cars, trucks and SUVs. In addition to traditional sales and service, the company has also pioneered a new approach of co-locating other dealer inventory at his physical location. This strategy has allowed him to develop a small but rapidly growing recurring revenue component to the business. This dealer is also one of the few independents with a fully operational service department. The service department currently generates profitable revenue for the firm. As the sale of warranties continues the service segment of the business is poised for explosive growth.

Showing Comments
Contact Agent

Business History
This business was started by the current owner in 2001, operating as a side business. It grew rapidly, and the owner opened the first physical location in a prominent area of North Dallas in 2007. The population in the dealership’s primary trade area has exploded over the past ten years. The company has grown along with the general population, and has become a “go-to” place for high-end pre-owned luxury vehicles. The dealer also has a fully equipped service department, which is rare for independent dealers. The business has excellent long-term relationships with many lending institutions. Offering customers access to a wide range of reliable funding sources dramatically increases the ability to close deals, and provides convenience for his buyers.

Competitive Overview
This business is driven by reputation, selection, and value. This dealer has an impeccable reputation of excelling on all three attributes. Stable and experienced employees help drive sales at this dealer. In addition, by maintaining a large and diverse inventory of luxury vehicles they are able to capture a large segment of the pre-owned luxury car buying market in the area. This dealer is one of the few independents that operate a fully functional service department, creating another competitive advantage.

Potential Growth
Demand for pre-owned luxury cars is very strong and growing in the DFW marketplace. Maintaining and expanding the aggressive advertising campaign will help ensure organic sales growth. The unique approach to co-locate other dealer’s inventory is a relatively new strategy, which has been very successful. There is potential to grow this segment of the business. In addition, the service department is operational and profitable but not at full capacity. As the sales team continues to sell extended warranties on vehicles, the service department revenue is forecasted to dramatically increase. Since the department infrastructure, staff, facilities etc. are all fully operational a good portion of the expected increase in service revenue will drop to the bottom line.

Posted Oct 23, 2015

Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.

By clicking "Sign Up" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.

Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.