Profile: Used Auto Sales - Growing & Very Profitable!
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Ad/Listing Information
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| Status: |
Off The Market |
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| State: |
California |
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| Location: |
Orange County |
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| Area: |
Orange County Area |
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| County: |
Orange |
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| City: |
None Given |
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| Primary Category: |
Auto Related |
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| Secondary Category: |
None Given |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$925,000 |
| Down Payment: |
Call/Email |
| Annual Revenue: |
$3,500,000 |
| Annual Adjusted Net: |
$400,000 |
| Price Range: |
$500,001 to $1 Million |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Call |
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Description:
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Summary Description
This Automobile Sales Company Has Been Serving The Southern California Market And Has A Well-Established Reputation For High Quality Sales And Customer Service In The Auto Sales Industry. Abc Motors Is Setting The Bar High With Its Sales And Service To Customers And It Sells An Average Of 45 Cars Per Month Located In Orange County, California. The Company Does Not Specialize In Any Particular Type Of Automobiles And Sells Sports Cars, Sedans, Suvs, Trucks, Or Whatever A Customer Is Interested In Purchasing. Sometimes Its Customers Travel From Other States To Purchase Cars From This Company Because The Automobiles Are High Quality And So Is The Service. Many Of Their Difficult-To-Finance Customers Are Financed Through A Loyal Third-Party Source Of Lending With Very Little Bad Debt As A Result. Much Of Their Customer Base Is Hispanic And Often Times A First-Time Buyer Of An Automobile And Many Pay Cash. At This Time There Are 13 Employees And The Company Continues To Grow Very Quickly With A Highly Sustainable Sales Volume. The Business Is Located In A Highly Competitive Market With A Facility That Includes 90 Cars On Display. They Currently Have Approximately 284,000 Of Inventory And A Flooring Line Of Credit. They Get High Marks From Internet Sales With Four Out Of Five Stars For Quality Of Customer Service And Customers Seem To Be Quite Happy Judging By The Comments Made Such As The Following:
“Abc Motors Is The Best Dealership In Oc They Helped Me Out Tremendously Getting My Car At First I Was Worried That Because Of My Bad Credit I Wasn’t Going To Be Able To Get In A New Car Ever Again But The Staff There Treat You Like Family So You Feel Comfortable With Your Situation They Give You Great Deals On Their Cars I Highly Recommend This Dealership To Everyone”.
Abc Does Not Provide A Service-Center For Automobile Repairs And Service. They Simply Merchandise And Sell Automobiles. Although The Company Has Been Highly Successful, The Reason For Selling The Business Is Because One Of The Owners Would Like To Return To The Restaurant Business By Opening His Own Restaurant.
Opportunity
Abc Auto Sales Represents A Wonderful Auto Sales Platform With Continued Strong Future Growth For An Enterprising New Owner To Build Upon. The Solid Reputation For Quality, Exceptional Service, Customer Satisfaction, Professional And Experienced Service, Poise The Company For Continued Growth. Under New Ownership A New Service Center Could Be Added That Would Provide Additional Revenues To The Company. There Are Many Ways To Increase Sales To Ramp It Up To A Much Larger Business.
The Target Markets For Their Auto Sales Are First-Time Buyers, Hispanics And Other Foreign Nationals, Working People That Require The Use Of A Truck, And Local And Out-Of-State Buyers. Approximately 80% Of All New Business Comes By Referral From A Large Base Of Business That Includes Hundreds Of Customers.
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