1400 Navco Rd - Auto Dealership FOR SALE


Mobile, AL 36605- Navco
$649,000 USD
770-664-9999
1400 Navco Rd, Mobile, AL for Sale
$649,000 USD
Auto Dealership - FOR SALE
1/2
null | Request Cap Rate

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1400 Navco Rd
Mobile, AL 36605
Navco


HIGHLIGHTS

  • Highly visible corner lot with two-way access to each road!
  • Google Reviews are 4.4+ Stars! Business is trusted by the local community!
  • Property is located at a busy intersection that sees over 21,000 vehicles pass by daily!

OVERVIEW

The Car Dealership business model is as follows: Customers make a down payment equal to or greater than the cost for the vehicle The Business then finances the remaining purchase price at 24.95% APR The Business receives monthly loan payments for all of the vehicles that are sold; and The Business's cost of the vehicle is effectively $0 because the customer covers the cost of the vehicle through the down payment. The Business has more than 100 loan accounts with each account collecting between $250 to $275 per month in car loan payments! Therefore, income from the car loans is more than $25,000 per month! All loaned cars are tracked with a built-in sensor! If the payment is even one day late, you are permitted by law to repossess the vehicle. Repo company has a high success rate in repossessing the vehicles! Seller has a Mechanic onsite to handle repairs! Minimal learning curve for the Buyer! Yearly Net Profit is approximately $177,000 which is AFTER paying $38,000 in Owner's Payroll and $45,000 in Employee Payroll, as well as all other expenses! Owner-Operator can take home over $215,000 per year!

FOR SALE DETAILS

PRICE

$649,000 USD

PRICE/SF

$162 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Car Dealership with Property in Mobile, AL!

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,471 SF

ZONING

-

APN/PARCEL ID

32-02-37-0-004-097

ASK ABOUT THIS PROPERTY

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770-664-9999

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Kavita PurohitRiver BrokersMore Info
770-664-9999

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.