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.
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