Business Is Available for Unlock!
Used Car Dealership
An independent used car dealership on a four-lane highway near Albany, sold with the real estate and auto-zoning that is close to unobtainable in the area.
Business Highlights
- Auto-zoned lot with 180 feet of frontage on a four-lane highway, zoning that is nearly impossible to replicate locally
- Real estate is included in the sale, which removes lease risk entirely
- Lot capacity is over 200 vehicles against current inventory of around 40
- The business is running at under a quarter of its lot capacity
Considerations / Questions to Ask
- What is the average days-to-sale on current inventory, and how does that compare with the lot at full volume?
- The lot is running at under 25% capacity. Is that a working capital constraint, a sourcing constraint, or a deliberate wind-down?
- Current management does all vehicle buying. Who is that, and are they staying?
- How is inventory financed, and does the floor plan facility transfer?
- How is the real estate valued within the asking price, and does the business service that on current volume?
Opportunities
- Capacity for over 200 vehicles already exists and is already zoned, so volume can be rebuilt without any planning risk
- The zoning and frontage are a genuine barrier to entry rather than a marketing claim
- Owning the real estate gives a buyer options including sale-leaseback
- Reconditioning, financing and service are attachments a used car lot can add to existing volume