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Used Auto Sales

This is an Asset Liquidation Sale. East Side Used Car Lot located on a major boulevard. Has a 30-car capacity. Specializes in the $4,000 to $7,000 price range. The company pays cash as well as has a flooring program for the vehicles. The company provides in-house financing for its customers, known in the trade as "Buy Here, Pay Here". The current inventory is comprised of approximately $35,500 of floored vehicles and 3 company owned vehicles whose current value is approximately $6,500. The buyer must quality for the flooring program provided by the auction house.

Leased location of 1,200 square feet with a total rent of $2,200. Seller is active in business. $6,500 Inventory, $5,000 Equipment and Fixtures and $50,000 Accounts Receivable Included. Will train for 30 days. $60K Down, Balance of $39K Amortized over 48 months @ 8%.