Listing Information for
$999,000.00
New & Used Car Lot
Description
This single point GM dealership is situated in two counties and neither has a new car dealership in their respected county seats. The interstate runs through town and statistics show there are 22,800 vehicles travel by each day with approximately 7,000 exiting at this communities exit. Many local residents commute approximately 35 miles to the next larger city to work each day, these are consumers needing dependable transportation. Gross sales volume has been between 4 million and as high as 7 million. Average number of new vehicles sold; 50 per year and has been as many as 100, with 175 to 200 used vehicle sales annually. Long term key personnel in strategic positions add to the value of this dealership. There are many pluses for purchasing this dealership with incentives to help pay for the purchase including:
• Warranty rate increase of $10-$15
• More bonus cash certificates; 10-15 more
• More clout with finance companies
• More product on hand
• More used product to choose from using other Midwest stores to locate
• Major interstate exposure
• Rental truck and service/repair of same including body work
• Motor home service and repair including body work.
This is a fantastic opportunity to enjoy the rewards of this turn key operation as you reach for and touch the stars. Call today for all the details.
Both buildings on this property are included in the sale. The first building is 11,050 sq. ft. and the second building; 3200 sq. ft. is used as warehouse with two 10 ft. overhead doors. This location has great visibility.
It is anticipated with this relocation that many profit centers will develop including:
1. Auto Trader shows consumers will travel
2. sell main building/lot and warehouse as office space or other business
3. better visibility
4. more clout with GM which should warranty to a more comparable rate to surrounding dealerships
5. Baby boomers reaching retirement and taking to the interstates. Motor home sales are up. They need service, repair and/or body work. This interstate location would allow easier access for drivers of these types and sizes of vehicles. No competition along the interstate for specialized repair of these big vehicles.
6. New dealership sales, service and body repair for cars, trucks, motor homes. It is also anticipated this will open an opportunity for some type of ATV sales and service for this area. Currently consumers travel 45 miles for purchase and repairs on ATV’s.
7. The local city government is seeking a property downtown for a new city hall and police station. The current dealership site is a perfect choice with a reasonable value of $80,000- $100,000 expected.
There is some owner financing possible for the right buyer.