Target is $3k profit per vehicle, and he pretty much hits the mark each one out the door. Upside exists for well capitalized Buyers seeking to double the net income or more to add buy-here pay-here services.
Impressive showroom layout with plenty of salable "moving" inventory, clean repair bays, pride of ownership by the Seller goes hand in hand with pride in workmanship by the staff.
Perfect horizontal acquisition for an existing construction company that wants a different industry vertical to penetrate and could easily double the revenues in 2015 under the direction of the Seller. Ideal strategic acquirer is someone with excess back office / administrative capacity, with (bonus) some good crews that are trainable in this niche specialty. Averages…Read more