This highly successful business has been in operation since 1994 and sells quality newer model cars, trucks and vans at affordable prices. Each vehicle is independently inspected and reconditioned and comes with a full repair and CarProof report. They specialize in matching the consumer with a dependable used vehicle that fits within their budget. They also provide auto loans to customers across Alberta and beyond with their in-house financing and provide flexible and personalized loans for all types of credit situations. Offering the best terms, best interest rates and down payments in the Edmonton area, they won’t be beat. Customer service is of upmost importance which is why over 40% of their sales are to previous customers.
This business has found long term success and stayed ahead of a competitive market by constantly analyzing business procedures and the marketplace and adjusting accordingly. This includes development of an internal scoring system to examine client variables and minimize risk factors as well as utilizing industry data to source best-selling vehicles brands and types. This business would be an ideal acquisition for a current auto dealer or for someone who can manage and grow the current revenue model. There is substantial room for growth in margin and revenue by adding higher valued vehicles to the current inventory. It is an excellent opportunity for an ambitious entrepreneur to continue the tenure and reputation of this business into the future.
WHY THIS BUSINESS:
• Great brand reputation, customer service driven
• High gross margins consistently achievable due to business model
• Thirty years of extensive radio and TV advertising across Alberta and eastern Saskatchewan
• Highly recognizable jingle
• In-house financing creates consistent and predictable revenue and provides ease for customers
• Highly trained and long-term staff
• Strong customer loyalty and retention (over 40% of sales are to previous customers)
• Online pre-approved vehicle application
• Strong social media and online presence
• Highly visible and accessible location
