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BradBickle.com - Northern Michigan Chevrolet-Buick Store

MI

BradBickle.com - Northern Michigan Chevrolet-Buick Store
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Asking Price: $725,000

Cash Flow: N/A

Gross Revenue: $5,000,000

EBITDA: N/A

FF&E: $300,000

Inventory: N/A

Real Estate: $425,000

Established: 1950

BradBickle.com - Northern Michigan Chevrolet-Buick Store

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Business Description

AGGRESSIVELY PRICED as Owner is ready to retire after 30 years. This investment has a realistic upward performance potential as identified by the Manufacturer especially in new truck sales which are running below its assigned market retail sales potential for the Brand. Also Fixed Operations coverage running at 50%-56% vs. industry standard of 75%. Store has real potential with the right amount of energy and a focused new owner should be able to generate an exponentially upward bottom line.

Located on a Major U.S. Highway and is within generally easy access to other major markets in addition to its primary assigned market place.

*NOTE* Current owner wants to sell the Real Estate, asking $425,000 and Business Assets, Equipment, FFE, Goodwill, etc., $300,000.

Also a comprehensive Investment Summary and Presentation package is available to assist with the decision making process. It will require a signed Non-Disclosure form prior to receiving all the detailed information on this exceptional offering.

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
8,500
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The site is a total of approximately 4 acres. The property's primary improvements includes a 8543 square foot automotive sales, service building and body shop. Clean and take over ready facilities. Significant visibility as it sits on a MAJOR U.S. Highway - data from MDOT reports that on a daily average over 6,000 cars / trucks pass in both directions of this store. Thats approximately half a million vehicles a year.
Competition:
Manufacturer market performance reports have identified a significant sales and service growth improvement opportunity for new car and especially new truck. Separately there is growth for used car and truck sales as well. All of the aforementioned combined should result in an increased bottom line profitability with minimal effort in both Sales and Service.
Growth & Expansion:
Established market and a long term presences of customer/owner based as identified by the Seller and the Manufacturer.
Financing:
May consider lease/purchase options on Real Estate for well qualified buyer
Support & Training:
Manufacturer provides extensive and comprehensive training for all dealership staff.
Reason for Selling:
Owner is ready for retirement and is realistically priced to sell very quickly
Business Website:
http://bradbickle.com
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Brad Bickle

Business Listed By:
Brad Bickle

Bbickle, LLC., Director @ TimLambGroup, LLC.

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