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South East Michigan - Chevrolet - Buick and CDJR

MI

South East Michigan - Chevrolet - Buick and CDJR
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Asking Price: $1,425,000

Cash Flow: N/A

Gross Revenue: $8,200,000

EBITDA: N/A

FF&E: $625,000

Inventory: N/A

Real Estate: $800,000

Established: N/A

South East Michigan - Chevrolet - Buick and CDJR

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Business Description

Very exciting opportunity for a dealer group to add to their portfolio or a first time buyer opportunity. Very rare Chevrolet / Buick & CDJR dual which makes this opportunity a double win!

Genuine income growth potential with the application of a basic recalibration of processes & procedures up to industry averages.

Realistic New Truck & SUV sales performance potential as identified by the Manufacturers which are currently running below its assigned market retail sales potential for the Brands.

Some of the other potential income opportunities are in Used Car Sales and Fixed Operations.

Used Cars - currently this store sells 2 new units to every 1 used car sold. Industry average standard is 1 new to 1 used. The positive opportunity for the next owner is to increase the sales ratio up to 1:1 thus generating additional gross profit, finance income, internal service labor and increase opportunity for fresh pre-owned trades would generate gross towards the bottom line.

Service & Fixed Operation are running at an average of 40%-42% expense coverage. Industry standard is 65%-75% average - meaning that with a couple of process adjustments can potentially double the gross revenue from Service and Parts operations.

All Assets, Shop Equipment, Furniture, Fixtures, etc. are included in the sale price.

PLEASE READ CAREFULLY: Due to the pricing for this offering it is certain to generate a substantial amount of responses, which are greatly appreciated. It is important to note that both Manufacturers have general guidelines defined for a new owner's consideration which I will be glad to provide to you either over the phone or via email.

*NOTE* Current owner wants to sell the Real Estate, asking $800,000(copy of recent appraisal available) and Business Assets, Equipment, FFE, etc., $625,000. He will only sell both together - might consider a lease with option to purchase on the R/E for a very well qualified buyer. Subject to more detailed agreements between both parties.

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:
17,890
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The site is a total of 5.67 acres. The property's primary improvements includes just under 17,890 square foot automotive sales and service building. A recent appraisal contains more detail upon request.
Competition:
Long time very well established with substantial customer base. Store and it's long term loyal employees have an excellent reputation within the community and has a strong following.
Growth & Expansion:
Both Manufacturers market performance reports have identified a significant sales and service growth improvement opportunity for a couple of the new car/truck also used car and truck sales which will result in even greater bottom line profitability with minimal effort in both Sales and Service.
Support & Training:
Manufacturer provides extensive and comprehensive training for all personnel.
Reason for Selling:
Owner is third generation and is ready to retire
Franchise:
This business is an established franchise
Business Website:
http://bradbickle.com
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Contact the Seller

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Brad Bickle

Business Listed By:
Brad Bickle

Bbickle, LLC., Director @ TimLambGroup, LLC.

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