Dealership, looking for 350-500K
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  1. #1

    Question 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.

  2. #2
    Senior Member Reputation points: 23755
    Join Date
    Mar 2021
    Posts
    185

    Quote Originally Posted by whiterabbit View Post
    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.
    maybe IOU

  3. #3
    Senior Member Reputation points: 226125
    Join Date
    Feb 2017
    Posts
    3,396

    Try Accord, Require Minimum Inventory of Forty (40) Vehicles
    Regular old MCA, but see what you can do.

  4. #4
    Senior Member Reputation points: 10476
    Join Date
    Nov 2019
    Posts
    669

    Quote Originally Posted by whiterabbit View Post
    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.
    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.

  5. #5
    Member Reputation points: 2661
    Join Date
    Dec 2023
    Location
    Farmingville, NY
    Posts
    14

    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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