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Fort Myers Independent Car Dealer
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Prime location independent used car dealer for sale in Fort Myers, Lee County, Florida. Location is near the large franchise dealers and obtains a lot of foot traffic on a busy main road. Company also has a independent service and reconditioning shop (all shop equipment included in sale). Strong business with adequate cash flow. Company is completely turn key and will provide instant cash flow for new owner. Relationships with 19 banks, including options for prime (credit unions), subprime, and deep subprime credit.
2021 Gross - $893,159.32
2022 Gross - $1,579,563 (+487k profit)
2023 YTD Gross - $1,031,169 (+348k profit)
Owner benefit nearly $400k annually. Perfect for an owner-operator who wants to jump right into a strong cash flow business, have a lot of quality units ready to sell - and all the real estate and people in place. Also plenty of room to hire a quality GM and let the business run itself.
Sale is for business only, real estate not included. Real estate available separately (with owner financing available). 2 years remaining initial lease term with 2 additional 5 year options (12 total years). Owner will help with transition for up to 6 months, terms to be negotiated. New owner can assume current floor plan (W.A.C.) to acquire inventory with minimal out of pocket expense.
Sale price : $995,000
(Price excludes inventory costs)
Seller financing available, up to $200,000.
Listed By: Omar Kettani
Prime location independent used car dealer for sale in Fort Myers, Lee County, Florida. Location is near the large franchise dealers and obtains a lot of foot traffic on a busy main road. Company also has a independent service and reconditioning shop (all shop equipment included in sale). Strong business with adequate cash flow. Company is completely turn key and will provide instant cash flow for new owner. Relationships with 19 banks, including options for prime (credit unions), subprime, and deep subprime credit.
2021 Gross - $893,159.32
2022 Gross - $1,579,563 (+487k profit)
2023 YTD Gross - $1,031,169 (+348k profit)
Owner benefit nearly $400k annually. Perfect for an owner-operator who wants to jump right into a strong cash flow business, have a lot of quality units ready to sell - and all the real estate and people in place. Also plenty of room to hire a quality GM and let the business run itself.
Sale is for business only, real estate not included. Real estate available separately (with owner financing available). 2 years remaining initial lease term with 2 additional 5 year options (12 total years). Owner will help with transition for up to 6 months, terms to be negotiated. New owner can assume current floor plan (W.A.C.) to acquire inventory with minimal out of pocket expense.
Sale price : $995,000
(Price excludes inventory costs)
Seller financing available, up to $200,000.
Listed By: Omar Kettani
Background information
Reference:
rewr
Year established:
2020
Finance
Sales:
$11,477,099
EBITDA:
$1,579,563
Operations
Employees:
10
Equipment:
Included in asking price $143,500
Inventory:
Not included in asking price
Premises
Facility:
Includes fully operational shop with all equipment required. All equipment is less than 3 years old.
Rent and lease terms:
N/A
Location:
Fort Myers, FL
Opportunities
Growth:
Customer work for service center (doing reconditioning only currently), more inventory (lot can hold up to 100).
Price and terms
Price:
$995,000
Training:
Owner will remain for period up to 6 months for transition period.