Car Dealership with Property in Mobile, AL! - Business for Sale
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Used Car Dealership with Property in Mobile, AL
Mobile, AL, US
Added 27 days ago
Car Dealership with Financing
Retiring Owner
This is a used car dealership in Mobile, Alabama that operates a buy-here-pay-here financing model and includes both the business and property in the sale.
Key Information
Asking
$649K
Revenue
$300K
Earnings
$177K
Multiple
3.7x
Key Highlights
- Owner-operator can take home over $215,000 per year
- Business model involves customers making down payments equal to or greater than the cost of the vehicle, with remaining balance financed at 24.95% APR
- More than 100 loan accounts, each collecting $250 to $275 per month in car loan payments, generating over $25,000 per month in loan income
- Property included: 2,500 SF main building on 0.45 acres, with lobby, two offices, separate mechanic shop, 3 vehicle lifts, and a recently purchased tire machine
- Business operates 6 days a week, closed Sundays, with hours from 10 am to 6 pm
- New HVAC installed in 2024 and electrical panel replaced in 2019
Contact Info
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