This entrepreneur constructed a $3 million enterprise shopping for vehicles at auctions 

Craig Stowell loves what he does for a residing. He will get to comply with his ardour and go automotive purchasing as a occupation.

Stowell owns Flying Wheels, a automotive dealership in Danville, New Hampshire. The enterprise, which is valued at an estimated $3 million, buys about 80% of its vehicles at auctions across the nation. For him, it is retail remedy.

“I by no means know what I will come residence with and that is half the joys, half the enjoyable,” he mentioned.

In 2022, the U.S. automobile public sale market was valued at $3.21 billion. Greater than 9 million vehicles are bought at auctions across the U.S. yearly, in response to the Nationwide Auto Public sale Affiliation.

Flying Wheels reached almost $1.3 million in gross sales final yr. A typical month brings in about $120,000 in gross sales. Lots of these gross sales come from Stowell’s on-line followers on YouTube and different social media.

Stowell has bought as many as 10 autos at a single public sale, a private document, however there are days he walks away empty-handed. He says he has misplaced 1000’s of {dollars} making foolish errors that taught him classes for the longer term.

Watch this video to find out how Stowell constructed his $3 million enterprise shopping for vehicles at auctions.