Key Financials:
The Car Dealership business model is as follows:
Customers make a down payment equal to or greater than the cost for the vehicle
The Business then finances the remaining purchase price at 24.95% APR
The Business receives monthly loan payments for all of the vehicles that are sold; and
The Business's cost of the vehicle is effectively $0 because the customer covers the cost of the vehicle through the down payment.
The Business has more than 100 loan accounts with each account collecting between $250 to $275 per month in car loan payments!
Therefore, income from the car loans is more than $25,000 per month!
All loaned cars are tracked with a built-in sensor! If the payment is even one day late, you are permitted by law to repossess the vehicle. Repo company has a high success rate in repossessing the vehicles!
Seller has a Mechanic onsite to handle repairs! Minimal learning curve for the Buyer!
Yearly Net Profit is approximately $177,000 which is AFTER paying $38,000 in Owner's Payroll and $45,000 in Employee Payroll, as well as all other expenses! Owner-Operator can take home over $215,000 per year!
Store & Property Information:
Closed Sundays! Favorable hours from 10 am to 6 pm each day! Seller is looking to semi-retire!
Be Your Own Boss Today! Work only 8 hours a day for 6 days a week! Seller can provide 2 weeks of training after closing!
Main building is 2,500 SF! Property is 0.45 Acres!
Building includes a lobby and two separate offices as well as a separate Mechanic Shop for car work.
Equipment includes 3 vehicle lifts! Seller also recently purchased a tire machine! Buyer can start selling tires and generate additional income!
New HVAC was installed in 2024 and the building's electrical panel was replaced in 2019!
Highly visible corner lot with two-way access to each road!
Google Reviews are 4.4+ Stars! Business is trusted by the local community!
Geographic & Demographic Information:
Property is located at a busy intersection that sees over 21,000 vehicles pass by daily!
Over 125,000 residents within 5 miles of the store. Population is projected to grow by over 2% over the next 5 years! Median household income is $55K!
Less than one mile from a 50+ acre development featuring large scale grocers, shopping, several hotels, and a Top Golf!
Less than one mile from I-20, and just over one mile from I-65 and the Mobile International Airport!
Surrounded by mixed use developments, apartments, and single family homes! Over 3,000 households within 1 mile of the dealership!
10 Minutes From Downtown Mobile! 1 Hour From Pensacola, FL! 2 Hours From New Orleans, LA!
Asking Price for Business and Property: $649,000 plus inventory. Inventory is guesstimated to be around $100,000 at cost.
If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com
Kavita Purohit
River Brokers
