Co-invest: Profitable and resilient NYC dealership - in closing now

The business was purchased 15 years ago and has been consistently profitable. As one of the top dealers for Honda, KTM, Kawasaki, and Suzuki, they have an excellent reputation for service, and a very large addressable local market with increasing demand for smaller vehicles due to local traffic congestion. Despite national headwinds in the powersports industry, NYC has a unique and resilient market that is poised to continue to grow. We see additional significant market opportunity that the previous owner has left untapped by serving public sector needs for side-by-side vehicle sales and maintenance as a MBE. There is capacity within the existing space to double sales and significantly increase the high margin service work. The seller is moving across the country to spend more time on his other business, but will remain active as an advisor and is providing 60% of the deal cost as a 10 year seller note. All key personnel are staying on and the seller has given them a retention bonus to stay at least 12 months. The deal is under LOI and funding is secured. As of 10/24 we now have approvals from all OEMs and are working towards finalizing all documents for a 11/4 close date. There is opportunity for at least up to $450K in co-investment with a minimum check size of $50K.