Looking for cash buyer!
Existing automotive independent car dealership for sale. Current company has been in business for 5 years with a strong track record. Company is turn-key, new owner can owner-operate, or hire a general manager to operate the business. Business also has a reconditioning and service shop in Cape Coral that is fully operational and included with the sale of the business. The shop is leased with 3 years remaining on the lease. It is an indoor, air-conditioned shop with 3 operational lifts, and 2 more lifts that can be installed. Dealership is retail and wholesale, we do not do any BHPH. Currently selling 20-30 a month with 34-42 on the lot.
The location is the best in the area. On one of the main roads in Fort Myers with over 60,000 vehicles a day that drive by. This location can hold up to 100 units on the lot, and has had history of moving up to 90 units in a month! The lot is approx. 1 acer, mostly parking area for vehicles. Has 2 small buildings. No immediate capital improvements needed at either the dealership or the shop. You could not start this same scale of business for this sale price! It is an unbelievable deal!
Relationships with 19 banks, including options for prime (credit unions), subprime, and deep subprime credit. Can get almost anyone financed. Access to Ally Financial for commercial financing. Inventory is being sold with business at cost. Inventory must be purchased by the new owner. Approx. 1m in inventory on the lot.
2021 Gross – $893,159.32
2022 Gross – $1,579,563 (+501k net profit)
2023 Gross – $1,237,761 (+289k net profit)
Sale Price: $500,000 (includes $160,000 in tangible assets)
Real Estate: $2,000,000
Inventory: $1,000,000 (approx. number, inventory sold at cost at time of sale)
Real estate was appraised this year for $1,980,000.
Seller financing is not offered.
Owner is looking for fast sale due to being unable to continue to owner-operate the business due to other business obligations out-of-state. Price is firm, and is an estimated 18 month return.
