Price: $1,900,000
Location: Broward County
Industry: Car Dealerships
Listing ID: 42730449
Listing Status: New
Great location, eye-catching brand on a highly visible corner 26,000 ft, high traffic area of Pompano Beach, Florida. The business is ten years old with a hands-on, dynamic owner who will provide training for 30 days as a courtesy. He has offered to stay on as a consultant for an additional five months. The customer begins by accessing the website online or visiting the dealership, where a professional can assist in the simple buying process in minutes. It begins by building your deal by finding financing options, valuing your trade-in, and choosing service and protection plans. Next, you pick a time to see the vehicle selected at the dealership, then Finalize your sale or purchase in less than 15 minutes. They will buy from you even if you do not buy a new car from them. If you would also like to purchase, there is a site large inventory to select from. Countless 5-star ratings, for example. "The customer service here is excellent. They helped me find the perfect car for my needs and budget. Their transparency and honesty were much appreciated."
Down Payment: $1,400,000
Total Sales: $2,799,976
Cash Flow: $233,646
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
FFE: $50,000
FFE Included: Yes
Inventory: $200,000
Inventory Included: Yes
Year Established: 2013
Year of last Acquisition: 2013
Days & Hours of Operation: Mon-Sat 10-6
Owner Hours Per Week: 50
Non-Owner Payroll: N/A
Employees: 4
Managers: 1
Absentee Owner: No
Lease Option: 5 yr with 5 yr option
Real Estate: N/A
Real Estate Included: No
Monthly Rent: $7,400
Type of Location: Corner Lot
Square Footage: 26,000
Reason For Sale: Time with family
Training & Support: 4 weeks at no cost.
Financing/Terms: $500,000 of seller financing is available for 48 months at 7%