ID Number: 08057 Primary Category: Used Car Sales Asking Price: $925K Annual Revenue: $3.5M Annual Adjusted Net: $400K Furniture, Fixtures & Equipment: Included in price Inventory: Approx $284K(included in price) Net Acct Receivables: Approx $158K(included in price)
This Automobile Sales Company has been serving the Southern California market and has a well-established reputation for high quality sales and customer service in the auto sales industry.
ABC Motors is setting the bar high with its sales and service to customers and it sells an average of 45 cars per month located in Orange County, California. The Company does not specialize in any particular type of automobiles and sells sports cars, sedans, SUVs, trucks, or whatever a customer is interested in purchasing.
Sometimes its customers travel from other states to purchase cars from this company because the automobiles are high quality and so is the service. Many of their difficult-to-finance customers are financed through a loyal third-party source of lending with very little bad debt as a result.
Much of their customer base is Hispanic and often times a first-time buyer of an automobile and many pay cash. At this time there are 13 employees and the company continues to grow very quickly with a highly sustainable sales volume.
The business is located in a highly competitive market with a facility that includes 90 cars on display. They currently have approximately $284,000 of inventory and a flooring line of credit. They get high marks from Internet sales with four out of five stars for quality of customer service and customers seem to be quite happy judging by the comments made such as the following: