Located at a traffic light in a very highly visible location, about 54,500 cars pass daily, according to the FDOT. There is substantial repeat business due to the unique way of doing business. This is a buy-here, pay-here lot. The seller does all the financing and will be willing to finance the new owner if requested. The lot comes with or without inventory. The sales price will be reduced by the inventory value if sold without the inventory. This business has been owned by the same owner for 22 years and has been in the same location in Fort Lauderdale for 11 years. The used car lot can be built up to be a large recurring income business just by copying the present owner's formula.
This Florida-based company for sale is offered by Transworld Business Advisors, the number one business brokerage in the world. With a local presence and global marketing reach, Transworld Business Advisors provides main-street and lower middle-market business owners and buyers with transaction expertise. Inquire for more details and learn how you can buy a business for as little as 10% down on qualified SBA listings or how to use creative financing options to get a deal done! Get added to our buyer list today to receive notifications as businesses with your criteria hit the market! For more information on this business for sale, contact listing agent
- Asking Price:
- $325,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,800,000
- Cash Flow:
- $150,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease/Month: 10000
Square Footage: 4000
Building Type: Free Standing
Terms & Options: NA
Expiration Date: 5/31/2025
- Location:
-
Fort Lauderdale
- Premises Details:
-
Free standing building
- Size in square feet:
- 4,000
Business Operation
- Competition / Market:
-
Miles: 25
Years: 3
- Reasons for selling:
-
Retirement
- Trading hours:
-
Mon - Fri 9:30am - 5pm
Sat 9:30am - 1pm
- Employees:
- 3
- Years established:
- 22
Other Information
- Support & training:
-
Weeks Training: 4
Cost: $0
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Loan/Seller- Amt: 125,000
Mos: 36
Rate: 8.00
Mo Pmt: 3,917.05
- Furniture / Fixtures value:
- $10,000 - included in the asking price
- Inventory / Stock value:
- $150,000 - included in the asking price