William Porter
Lakeway, TX (USA)
Role(s):
Fairway Motorcars LLC
Find More Startups
Startup
Location:
Lakeway
Industry:
Automotive
Year Founded:
2007
Number Employees:
INVALID
Description:
Pre-owned/Used vehicle sales. We are buying an existing used car dealership, including account receivables of $80-$100k returning about $10k-$12k per month from the first month. Cash and finance sales of 30-50 units per month. Avg. profit of $2k-$4k per unit. We are looking for $500k to buy the land, building, account receivables and to make improvements to the property. I have managed a used car dealership for over 4 years previous to starting this company, so I know the business very well. Not a risky investment at all, we will be profitable from the first month on. The gentleman selling the business has cancer and cannot continue to run it.