Results 1 to 5 of 5
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01-23-2024, 04:16 PM #1
- Join Date
- Dec 2020
- Posts
- 10
Dealership, looking for 350-500K
Hey, been out of the industry for a while. long time lurker.
I got a deal I need to place, looking to sign up directly with someone, no brokers.
It's a car dealership, 51% ownership.
Credit is 700+
First position
Dec - 931 K
Nov - 1.2 M
Oct - 1.2 M
Jan pacing.
15 million annual, average bank balance is 80K.
I have a very good relationship with the merchant, he's looking for a short term bridge with a good pre-pay, he's expanding and needs to hire some more people and some marketing and inventory. Looking for 350-500K.
DM me for more info. thanks.
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01-23-2024, 04:31 PM #2
- Join Date
- Mar 2021
- Posts
- 187
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01-23-2024, 04:31 PM #3
- Join Date
- Feb 2017
- Posts
- 3,473
Try Accord, Require Minimum Inventory of Forty (40) Vehicles
Regular old MCA, but see what you can do.
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01-23-2024, 05:56 PM #4
- Join Date
- Nov 2019
- Posts
- 692
I go of of the net After the cost of the vehicles. I cap at 6 months. If he needs more money instead of paying me off my renewals work like a line of credit in a way as long as i am in first position.
Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872.
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01-23-2024, 07:31 PM #5
- Join Date
- Dec 2023
- Location
- Farmingville, NY
- Posts
- 17
I can get dealerships done. I have several direct lenders that fund dealerships. I have been in the car business for many years and have transitioned into the MCA space and kind of used my business knowledge to help some of my funders make educated decisions on what dealerships paper to buy and which to stay away from. You can contact me on here or at the number listed below.
Chris Oliveto
Owner
Bullhammer Business Solutions
(C) 631-579-8628
Coliveto@bullhammer.org
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