30-Yr (BHPH) Auto Dealership + Separately Priced Notes Portfolio - Business for Sale
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Buy-Here, Pay-Here Auto Dealership with Notes Portfolio in Texas
TX, US
Added today
Automotive & Boat Dealership with Financing Portfolio
30 years in business
A Texas-based buy-here, pay-here used vehicle dealership with 30 years of operating history, specializing in internally financed auto sales and including a separately priced notes-receivable portfolio and optional real estate.
Key Information
Asking
$1.3M
Revenue
$2.4M
Earnings
$417K
Multiple
3.0x
Key Highlights
- Notes-receivable portfolio must be purchased separately at 77.5% of principal balance; current principal balance: approximately $1,360,914; current indicated notes price: approximately $1,054,708
- Typical inventory at cost: approximately $196,650, addressed separately at closing
- Business has 30 years of operating history, with 25 years at the same location
- Approximately 90% of vehicle sales are internally financed, historically at 21% interest over 30- to 36-month terms
- Real estate (1.6 acres) available separately for $1,100,000 or under long-term lease at $6,500/month
- Approximately 30 vehicles are typically maintained in inventory
Contact Info
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