Our loss, your gain! Price reduced due to health issues with owner. Established in 2023, this independent used car dealership has achieved remarkable success in just 19 months of operation.
Located in rapidly growing Iredell County, NC, the business sits on a prime highway location with a 40,000+ daily traffic count. Financial Performance: Business Highlights: Location & Facilities (currently leased - may be available for sale by owner): specialist carport acres) Growth Opportunities: possible Includes: Reason for Sale: Owner health issues This turnkey operation presents an exceptional opportunity for an experienced automotive professional or investor to acquire an established, profitable dealership with tremendous growth potential in a thriving market.
- Annual Revenue (2025 YTD): $2,400,000
- Cash Flow (SDE): $184,400
- Strong growth trajectory: 2.3x year-over-year growth
- February-December 2024: $1M in revenue (79 units sold)
- 2025 projection: $2.5M in revenue (150 units projected)
- Proven business model with established customer base
- 63 Google reviews averaging 4.9 stars
- Strong financing network with multiple banking relationships
- Two transferable floor plans totaling $750,000
- Current owner achieved success with no prior dealership experience
- 1,100 sq ft building on 0.70 acres
- Sales office and two 2-car garages
- 2-car garage used for paint/body - sub-leased for $800/mth by paint/body
- 2-car garage used as a detail shop – fully equipped with an attached 22x22
- Lease through March 2029 with two 5-year renewal options
- Two adjoining lots potentially available for expansion (all 3 lots total 1.9
- Significant F&I revenue potential - owner estimates 50%+ revenue increase
- Minimal current backend sales (points, GAP, extended warranties)
- Service center expansion potential w/2 additional lots
- Located in one of the fastest-growing counties in the US
- Median household income of $78,700 (12.6% above NC average)
- FF&E valued at $15,000
- Inventory valued at $450,000
- 30-day owner training available
- According to CarGurus.com and DealershipGuy.com, in 2025, shoppers chased
- According to CarGurus.com and DealershipGuy.com, with new car prices stuck
- According to CarGurus.com and DealershipGuy.com, more budget-conscious buyers
- According to CarGurus.com and DealershipGuy.com, for dealers, 2025 confirmed
- According to CarGurus.com and DealershipGuy.com, 2026 is poised to be a huge...