Listing ID: 2008-17715
Listing Status: Under Contract
Buy A Proven Winner: Profitable Midwest Ford Dealership For Immediate Sale
After decades of selling and satisfying customers, this well established, profitable, and family-owned automotive business is available to the motivated buyer seeking to own a proven winner. This community-focused operation has become a well-respected hallmark in the marketplace offering a wide range of 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 family of off-road vehicles, the Ford Bronco. In addition, Ford offers an all-electric line-up of high demand vehicles including the Mustang Mach-E, F-150 Lightning, and E-Transit.
Over a 4 year period, the business averaged over $20 million in top line revenue and generated adjusted annual cash flows of just under $900,000. The business is the definition of a turn-key operation: multi-decade family legacy, professional management team, loyal, repeat customers, solid, year-in, year-out profitability, clean, modern, professional facilities, excellent location, and high-demand automotive products and services.
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.
The business is located in a commercial center just minutes from major US interstate, that connects this market with a large metropolitan population base only 85 miles away. The facility is well positioned for visibility and accessibility with abundant convenient customer parking and vehicle display/storage. The 16,696 square facility resides on 1.8 acres of land, and buildings include a 3 vehicle showroom, business office, customer lounge, parts and service department, and executive offices. The real estate is offered for appraised value.
Reason For Sale
Owner desires to pursue other business interests.
Products, Services & Licenses
Products and services include the sale of new cars, new trucks, new utilities, used vehicles, finance and insurance products, extended warranties and parts and service offerings. All required business licenses and zoning approvals are current and valid with the appropriate municipal jurisdictions.
The manufacturer, Ford offers a variety of training and certification programs for both vehicle sales and fixed operations disciplines. All candidates will be need to obtain factory approval following completion of the executed purchase and real estate agreements.
Terms & Options
The dealership real estate is offered for $2,000,000 and is included in the sales price. An appraisal been has been ordered to confirm this value.
The local market only includes used vehicle dealers and a NAPA parts discount store. The closest Ford dealership is 18 miles away. Over the last 12 months, the new vehicle industry in the market was 521 vehicles with the Ford brand capturing a market share leadership position at 19.8%. Given the proximity to a larger metro market, the used vehicle market potential offers unlimited sales and profit opportunity.
Potential for Growth
While the dealership has demonstrated consistent, stable, and sustained profitability for many years, there is excellent potential when comparing present performance to group average levels. Growth opportunities include:
- Service Selling Gross
- Retail Truck Gross
- F&I Net Gross 4. Parts Gross
Total Sales: $17,285,404
Cash Flow: $1,147,724