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Business Profile: Car Dealership with Real Estate
Auto Dealership
Linville, NC 57131
Purchase Information
$2,000,000
Financial Information
$2,000,000
$500,000
0
Not Included
$500,000
Included
$1,500,000
Included
Other Business Information
2015
3
10000
N
Y
N
Business Description
Well established franchise dealership with only 2 in NC. Only large sales & service center for premier SUV manufacturer within a 2 hour radius. Wealthy customer base with second home owners in resort areas. Parent company was established in 1984 ad opened this point of sale in 2013.
This is the last store of the group as the principal sold his other Florida stores and is ready to retire. This store is close to his second home. 10,000 SF building on premium corner lot worth in excess of $1.5 Million included in ask price of $2.75 Million. Buyer will have to qualify for the franchise and floor plan lender.
Service department is very profitable. The equipment and inventory of vehicle parts and vehicles is $500,000 in other assets - seller willing to keep some or all inventory to make deal work. A tire store within walking distance sold for $5.3 Million last year. The majority of the business are CASH Sales. Some classic car sales as well. Seller is open to a 1031 Like Kind Exchange.
Motivated Seller looking to retire. Receptive to fair and reasonable offers.
Ad#:2416538
Detailed Information
Location:
Linville, NC
Inventory:
$500,000 Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
10,000
Facilities:
1031 Like Exchange Property will be considered
Please Note: All listings herein are exclusive to this listing office as of
the date of submission. Information contained herein has been provided by the Seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. No prospect shall receive the name of any listed firm until the STANDARD DISCLOSURE
STATEMENT is signed by the prospect.
