Rare! An established Used Car business in affluent, growing area!
Business Description
This business has been a fixture in this community for the last 30 years! Very rare for Palm Beach County. The current owner has been here 18 years and is ready to retire and relax on Saturdays. He has built a thriving business, with a second generation of customers helping him to continue to build his solid customer base, brand, and reputation. Located in one of Palm Beach County's most desirable areas, with massive, active and ongoing real estate growth. The lot covers an entire city block, with a variety of vehicles and price points. Large and inviting offices. Business comes with all appropriate software and new owners will receive ample training. Buy here pay here instruments and approvals are in place for the new ownership. Financial details will be provided upon receipt of Signed CA and proof of funds showing a minimum of $1,000,000, with NO Exceptions. All visits need to be coordinated with the Real Estate Agent.
About the Business
- Years in Operation
- 30
- Employees
- 4
- Facilities & Assets
- Nice, comfortable offices with area to consult with customers. Kitchenette, Ample customer parking. 22,000 cars travel this road daily, with increases coming due to the staggering amount of high rises and buildings under construction.
- Market Outlook / Competition
- This is the premiere used car business in the area. There are a few very small car retailers doing a bare bones business in the surrounding areas, but this lot has historically been stronger. This is the long term go to spot for quality used cars. Eclectic neighborhood with many retail, commercial and residential homes in the area, with more coming. Zip code shows 2% population growth and median income almot $80,000!
- Opportunities for Growth
- Extend hours, cater to a segment of the population, i.e. trucks/suv etc.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,347
- Rent
- $4,600.00 per month
- Lease Expiration
- 7/1/2028
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- two weeks
- Financing Options
- we will review all offers, depending on the circumstances.
Listing Info
- ID
- 2384678
- Listing Views
- 278
Listing ID: 2384678 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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