Listing ID: 2008-17059
Listing Status: Under Contract
Buy A Proven Winner: Profitable Pennsylvania Ford Dealership For Immediate Sale
After 3 decades of selling and satisfying customers, this well established, profitable, and successful automotive business is available to the motivated buyer seeking to own a proven winner. This award-winning operation has become a well-respected hallmark in the marketplace -- it's known for offering high quality products and services, delivered by a professional team, who consistently takes excellent care of their customers.
The business features products from one of the most respected, well known, and best selling companies in the global automotive business, the Ford Motor Company. The dealership offers a world-class lineup which covers the full spectrum of consumer tastes from the best selling vehicle in the USA (for 4 decades and counting), the Built Ford Tough F-150, the iconic Mustang pony car, the popular Explorer SUV, and the just launched family of off-road vehicles, the Ford Bronco. In addition, Ford is launching an aggressive line-up of electric-powered vehicles including the Mustang Mach-E, F150 Lightning, and E-Transit Commercial Van.
During 2021, the business generated over $15.5 million in top line revenue retailing 388 new and used vehicles, which generated adjusted cash flow over $667,000. The business features an abundance of built-in value, including: a 30 year plus legacy, professional management team, favorable brand equity in the community, loyal, repeat customers, solid, year-in, year-out profitability and high-demand automotive products and services. It's an investment that will generate excellent returns from Day One of ownership.
SPECIAL FINANCING ... This business has been lender pre-qualified and is offered with special financing to qualified buyers. Applicants must under go full underwriting for loan approval and a preliminary term sheet is included with the confidential marketing materials.
Important Disclaimer: The acquisition of this business requires franchise approval from Ford Motor Company. Character, Operational Capacity (including previous and proven automotive franchise ownership and/or general management experience with exceptional sales, CSI, and working capital performance), Customer Satisfaction and Capital are required approval criteria.
Furniture, Fixtures, & Equipment (FF&E):Included in asking price
Facilities:The present facility is located near the central business district with swift access to busy state highway traffic corridors that connect the dealership to its wider customer base while providing convenient access into neighboring larger, populated markets. The energy-efficient dealership facility is situated on two land parcels totaling 1.1 acres and with an approx. 10,000 square foot building which includes showroom, office and parts/service department. The seller is offering the property for its appraised value which is included in the asking price.
Competition:This market includes another competitive new franchise vehicle dealership, used vehicle dealers, and major parts discount stores. For the last 3 years, the assigned vehicle industry has maintained a steady volume of around 1,300 annual new vehicle registrations with trucks/utilities representing 85% of the total volume. This market segmentation is tailor-made for the powerful, proven Ford SUV and Truck line-up.
Growth & Expansion:While the dealership has demonstrated consistent, stable and sustained profitability for a number of years, there is excellent growth potential when considering national group average performance levels. A sales and profit forecast is included in the marketing materials. Major opportunities include: 1. Volume and Gross opportunities in Used Vehicles 2. Implementation of a more aggressive marketing plan, including internet /social media 3. Finance and Insurance revenue 4. Parts and Service Sales and Gross
Financing:Lender pre-screened with $268K down.
Support & Training:Prospects that do not possess previous Dealer and/or General Manager experience in a franchise automotive business will be required to have an Operational Manager who does in order to achieve approval from Ford Motor Company.
Reason for Selling:Owners are retiring after 3 decades in the business.
Franchise:This business is an established franchise
Total Sales: $15,531,651
Cash Flow: $667,788