Listing #: 109-10370
Category: Auto
  • Listed Price $ 575,000
  • Down Payment $ 575,000
  • Gross Sales $ 1,615,766
  • Total Income $ 434,834
  • Equipment/Fixtures$ 30,000
  • General Location Palm Beach County
For more information contact:
Martin Berliant
Office: (561) 827-1181
Cell: (561) 827-1181
Office Website

Used Car Dealership

Extremely profitable used vehicle dealership for sale. Situated on a .78 acre lot which can hold 130 vehicles, this business has been owned and operated under its current name by seller since opening nine years ago.  Outstanding location in heavily populated and well traveled area of Palm Beach County with visible signage. Not a buy here/pay here lot, but new ownership can easily do so and greatly expand profitability by collecting all the vehicle interest payments. Currently the business is averaging about 200 sales per year; owner purchases all vehicles via online auctions. Customers usually pay 30-40% down when purchasing the vehicle (collection companies only collect interest).  The lot contains a 2,000 sq ft office/waiting room, storage shed, detail tent, and a fully equipped auto repair facility (with two mechanics who work as independent contractors).  2017 annualized gross sales of $1,615,766 and annualized owner benefit of $434,834. In 2016 and 2015 sales were approximately $2M and owner benefit $900K (seller wanted to make his life easier and reduce floor plan in 2017). New buyer can immediately start reaping the rewards of this proven business model or to take the business to the next level by introducing buy here/pay here and expanding the floor plan. Please contact Martin Berliant at 561-827-1181 or email for more information. Nondisclosure form is required. 

Financial Information

  • Gross Sales:$1,615,766
  • Total Income: $434,834
  • Listed Price:$575,000
  • Down Payment $575,000

Financing:

Assets & Lease Information

  • Inventory: $300,000
  • Leasehold Improvements: $75,000
  • Equipment/ Fixtures: $30,000
  • Base Rent: $0
  • Total Rent: $7,850
  • Rent Deposit: $0
  • Year Established: 2008
  • Square Feet: 34,000
  • Lease Ends: 10/2022
  • Lease Options: 5 years
  • Categories: Auto
  • Other Assets:

Additional Information

  • Full-Time Employees:0
  • Part-Time Employees: 0
  • Contract Staff: 3
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  • Training Period: 30 days
  • Special License Required: Dealers License
  • Reason for Selling: semi-retirement

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.