Preowned car dealership for sale on South State Road 7, Broward County
Asking Price: | $5,760,000 |
Gross Revenue: | $7,628,981 |
Rent: | $15,858/Month |
Established Year: | 2019 |
Cash Flow: | $1,420,504 |
Inventory: | $1,500,000 |
FF&E: | $202,000 |
Successful preowned car dealership located on iconic South State Road 7, where the region's most famous car dealerships operate. The dealership sells an average of 55 vehicles per month. Its prestige is constantly growing, as it only offers certified cars re-verified "on-site" in all mechanical and appearance details. Each used vehicle comes with a free CARFAX report for the buyer. The owners' philosophy is to provide their customers with the best buying experience by offering the best possible vehicles and flexible financing options. It has 5 different lines of credit from 5 specialized financial institutions, for up to $1,700,000. It holds all current operating licenses. The 49.635-square-foot lot has space for 120 vehicles and features two functional offices. In addition, it has specialized software and a dynamic website where the varied inventory can be easily evaluated. It primarily serves the South Florida area but eventually serves out-of-state clients as far away as Washington, Texas, New York, and Wisconsin. The administrative workers and the 10 vendors are willing to remain with the new owners. The notable increase in the company's results in the second half of 2023 is due to the acquisition of the assets and goodwill of the neighboring dealership, which allowed it to double its vehicle display capacity. The company could be eligible to support U.S. visa procedures. The owner would be willing to sell half of the business and seal a strategic alliance with the buyer. The Small Business Administration (SBA) has prequalified the company so buyers can be financed up to 90% of the price.
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