Car Dealership Business-only in Mobile, AL

The Car Dealership generates income from car sales and financing! Dealership has approximately 190 accounts with each account collecting between $250 to $275 per month! Interest rate on the accounts is 24.95% with mostly in-house financing! Sales are an average of $50,000 per month! 47 of the 49 cars sold in the last 3 months of 2024 were financed, collecting over $72,000 in down payments! Additional revenue is generated monthly from these open accounts! All cars are tracked with a built-in sensor! If the payment is even one day late, then repossession is permitted. Repo company is reliable! Seller has a Mechanic onsite to handle repairs! Minimal learning curve for the Buyer! Store & Property Information: Closed Sundays! Favorable hours from 9am to 6pm each day! Seller is the only person working the business other than the mechanic! Seller is looking to semi-retire! Main building is 2,500 SF! Property is 0.45 Acres! New HVAC was installed in 2024 and the building's electrical panel was replaced in 2019! Highly visible corner lot with two-way access to each road! Google Reviews are 4.0+ Stars! Take over a business that is trusted by the local community! Geographic & Demographic Information: Dealership is located at a busy intersection that sees over 21,000 vehicles pass by daily! Over 125,000 residents within 5 miles of the store. Population is projected to grow by over 2% over the next 5 years! Median household income is $55K! Less than one mile from a 50+ acre development featuring large scale grocers, shopping, several hotels, and a Top Golf! Less than one mile from I-20, and just over one mile from I-65 and the Mobile International Airport! Surrounded by mixed use developments, apartments, and single family homes! Over 3,000 households within 1 mile of the dealership! 10 Minutes From Downtown Mobile! 1 Hour From Pensacola, FL! 2 Hours From New Orleans, LA! Asking Price for Business and Property: $550,000 plus inventory. Inventory is guesstimated to be around $100,000 at cost.