Outstanding Opportunity to own one of the lower mainland’s premium used car dealership. The dealership offers a unique mix of vehicles and turns over an impressive six million in annual sales, shows gross margins of close to 40% and boasts an EBITDA of over one million dollars.
The business is able to post these impressive numbers because of the specialized product offering combined with management systems put in place by the current owner. This offering should appeal to a financial investor as the current owner spends only about an hour per week operating the business, entrusting the day to day operations to his experienced management team.
The company operates out of two locations in British Columbia’s lower mainland: The sales lot has updated office facilities and over 30,000 square feet of lot space – enough room for 300 cars at any one time. The 10,000 square foot service and inspection facility is operated out of a different location and the combined rent for both locations is less than $20,000 / month.
The strong growth curve enjoyed by the existing ownership can continue under new owners as the North American market for their specialized product mix is not yet mature. Growth opportunities can be exploited through geographic expansion locally to the Fraser Valley and Victoria, or farther afield to Calgary, Edmonton and Toronto. There is also an opportunity to further develop the parts and service side of the business.
This is an exceptional business that should appeal to a financial investor looking for a profitable company with an outstanding upside, strong management team, repeatable and effective business processes and a loyal and growing customer base.