Independent Auto Dealership in Affluent Coastal City
Off-MarketOuter Banks, NC
Independent Auto Dealership Located In An Affluent Coastal City In North Carolina
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$4,000,000
$300,000
7.5%
1968
30+ Days
Customers
Primarily B2B customer but occasionally will sell wholesale to other auto dealerships.
Customer Acquisition
Primarily repeat customers or referrals. Invested in SEO and a website, which drives organic business, and also does marketing on Facebook Marketplace.
Team
3 employees
Owner's Role
Full-time
Reason for Selling
The owner has had some health challenges and is looking to retire.
Contracts
No
Real Estate
Owns a 9-acre commercial property, 2.5 acres of which houses the dealership. The other portion is rented. Owner would prefer to maintain ownership but is willing to negotiate.
When Are You Looking to Sell
ASAP
Licenses Required
No
Additional Notes
Independent auto dealership located in a prime location that has been in business since 1968. The owner is a second-generation owner and took over the business in 2000. Prior to COVID, the business was larger, generating around $10-$12 million per year in revenue, but downsized staff and operations over the last five years. The owner had attempted to exit the business earlier and bring in a managing partner but ended up having to let that person go and step back in. Used cars are sourced online.
Business ID: 1259
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