J.D.Byrider and CNAC of Glen Burnie, Dundalk, and Randallstown, collectively known as J.D. Byrider and CNAC of Baltimore are franchised used car sales and finance companies. The franchisor, J.D. Byrider Systems, is the largest U.S. company operating in the "buy here pay here" industry with 140 franc…
J.D.Byrider and CNAC of Glen Burnie, Dundalk, and Randallstown, collectively known as J.D. Byrider and CNAC of Baltimore are franchised used car sales and finance companies. The franchisor, J.D. Byrider Systems, is the largest U.S. company operating in the "buy here pay here" industry with 140 franchise locations operating in 36 states. We hold exclusive Baltimore city and Baltimore county franchise rights for J.D.Byrider. In this business model the J.D.Byrider entity acquires the vehicle inventory, provides extensive reconditioning, and then retails the cars using CNAC, a related party finance company, to underwrite the sale. CNAC then provides customer financing followed by the financial management of the loans including collections, insurance maintenance and customer assistance for the term of the loan. Our company has three locations including two active sales lots and a facility utilized for reconditioning and centralized collections. The company has been in business since 2003 and has excellent established suburban locations/facilities, experienced management, and competitive rent factors. Our loans receivable at year-end 2016 were approximately 16M and the enterprise value of the company was approximately 13M. We have enjoyed a good profit history, have twice been awarded "franchise of the year" by the franchisor and are currently profitable. We are prepared to consider offers well below the company's stated book value.
Team (1)
Sectors J.D.Byrider of Baltimore serves:
Financial Services
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