Used Car Dealership (Hybrid and EV) with Real Estate

Fresno, CA (Fresno County)

Front with multi color led inside and outside lighting
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Asking Price: $2,500,000

Cash Flow: N/A

Gross Revenue: $3,000,000

EBITDA: N/A

FF&E: $0

Inventory: $700,000*

Real Estate: $2,000,000

Established: 2016

*not included in asking price.

Used Car Dealership (Hybrid and EV) with Real Estate

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Business Description

Former New Car Franchise Dealership Turnkey with Service Department

OPPORTUNITY ZONE! A True Unicorn. Former New Car Franchise facility. Room for 125 cars. Century Motors is The #1 Selling Plug In and EV dealer in the Central Valley. Approved dealer for both the Clean Vehicle Assistance and Valley Clean Air Now programs. Glass showroom, offices, customer lounge, break room, 8 bay service center (ACTIVE B.A.R.LICENSE)- complete, parts room, used car building, detail building, and storage. Multiple income streams. Selling business with real estate. Will provide all docs upon request to qualified potential buyers.

Detailed Information

Location:
Fresno, CA
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
10,000
Employees:
6
Facilities:
Turnkey. All furniture, computers, 22 security cameras, state of the art security system, 4 lifts compressors, Hunter tire machine, Hunter Smart tire balancer and more...
Competition:
Century Motors has been on an upward spiral since 2017 when we 1st jumped on the EV train. With the current legislative environment and California's desire to stop selling new Gas powered cars by 2035 the opportunities are endless.
Growth & Expansion:
Growth opportunities are enormous. Dealership is uniquely positioned to take advantage of the coming Electric Vehicle Initiatives at the State and Federal levels and is already set up as an approved dealership for the California EV incentive programs. Sales has increased 34% 2019 vs 2018 and even through Covid we increased another 71% 2020 over 2019. Gross Revenue and Net are also proportionally up. 2021 is on pace to increase of another 50%.
Support & Training:
Owners willing to offer comprehensive training on EV's and the programs to ensure the new owner's success.
Reason for Selling:
Owner just became a 2 time Grandfather in 2021 whose kids live out of state. Lo
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Business Listed By:
jeff schneider

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Ad#:1849783

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