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High End Auto Sales With Service Department & Body Shop For Sale
Location Florida,United States
Asking Price Range $250K - $500K
Gross Revenues $2063046
Net Profit / Cash Flow $141838
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1981
Number of Employees 6 - 9
Inventory 280043
Relocatable Yes
Number of Employees 6 - 9
Real Estate Leased
Training Flexible
Reason for Sale Retirement
Description Price reduced by $200,000 to $325,000 due to seller health issues. Rare opportunity to own a profitable 30 year old luxiry vehicle sales business that includes a full service department and body shop. The business has been known for 3 decades as the place to go when purchasing a high quality pre-owned luxury vehicle or sports car. All vehicles are hand selected and sold with Car Fax reports, 30 day warranties. Vehicles are priced from $5,000 to $100,000 with the average price approximately $13,000. Common brands of vehicles sold are Mercedes, BMW s, Cadillac, Porche, Jaguar, Hummer, etc. Clean records and a long, solid history of earnings make this business bankable. Business hours are 10:00-5:00 M-F & 10:00-4:00 Saturday.
The Service department and Body Shop provide excellent service to retail customers as well as servicing the flow of vehicles being redied for sale. This business sets itself apart with 30 years of quality sales AND service history and comes with an extensive database of customers. The owners have $200,000 of auto inventory owned outright that could be purchased with the business, or provided by the seller as privately ''floor planned'' inventory during the transition period at a reasonable interest rate. In addition, the sellers can make available a percentage of their floor plan credit to the purchaser to facilitate the transition and help the new owner establish independant credit. The sales operation employs three sales people & one administrator in addition to the two owners. The service department has had the same manager in place for 20 years, and the body shop has a manager with 18 years on the job. The shop inventory, equipment & other assets are all included in the sale and valued at an additional $246,743.
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