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Profitable Used Car Dealers Business Seeking Loan in Ontario, United States

Newly established company dealing in buying and selling of pre-owned cars.
This transaction has concluded.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 450 thousand
Run Rate Sales USD 2.4 million
EBITDA Margin 30 %
Industries Used Car Dealers
Locations  Ontario
Local Time 12:44 AM America / Los Angeles
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 250 thousand for 10.0% annual interest, 2 years (Native Currency: USD 250,000)
Reason: To increase inventory.
Collateral Available: USD 100 thousand
Includes physical assets worth USD 150 thousand
Interested to connect with advisors
Documents
Business Overview

- Our company deals with buying and selling of pre- owned cars.

- Currently we are selling about 35 cars in a month and have over 50 cars in our inventory.

- We undertake the marketing and promotion of our company through online advertisements in used car directories.

- We are planning to increase the inventory to over a 100 cars as there is a lot of potential in selling more number of cars each month.

- We also undertake minor servicing of the cars sold that includes detailing, oil change etc.

- The sales figures of 2017 is only for a period of 5 months as the company was established in August 2017.

- Promoter has over 22 years of experience in the automobile industry.

Products & Services Overview

Sales & servicing of pre-owned cars.

Facilities Overview

Building with five offices of 1,500 Sq. Ft. on lease.

Capitalization Overview
Not Disclosed
Recent Activity
  • Earlier than 15 days
    Executive, Sunwest Bank, Irvine, Bank connected with the Business
  • Earlier than 15 days
    Loan Agent, Columbia, Financial Consultant connected with the Business
  • Earlier than 15 days
    Managing Partner, Orange, Financial Advisor connected with the Business
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This transaction has concluded. View similar business opportunities on SMERGERS
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.

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