Car Dealership with Property in Mobile, AL - Business for Sale
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Car Dealership with Property in Mobile, AL
Mobile, AL, US
Added 7 months ago
Automotive & Boat Dealership with Financing and Mechanic Services
Retiring Owner
This is a car dealership in Mobile, AL that sells vehicles using a financing model, includes the property, and operates with an onsite mechanic and equipment for repairs.
Key Information
Asking
$649K
Revenue
–
Earnings
$196K
Multiple
3.3x
Key Highlights
- Inventory is estimated to be around $100,000 at cost.
- Owner-operator can take home over $215,000 per year according to the listing.
- Business model: Customers make a down payment equal to or greater than the cost of the vehicle; remaining purchase price is financed at 24.95% APR.
- More than 100 loan accounts, each collecting between $250 to $275 per month in car loan payments.
- Income from car loans is more than $25,000 per month.
- Main building is 2,500 SF on 0.45 acres, includes a lobby, two offices, and a separate mechanic shop.
- Equipment includes 3 vehicle lifts and a recently purchased tire machine.
- New HVAC installed in 2024; electrical panel replaced in 2019.
- Business is located at a busy intersection with over 21,000 vehicles passing daily and over 125,000 residents within 5 miles.
Contact Info
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