Listed by Signature Commercial Real Estate
$395,000
Details
Property Type Retail, Business for Sale
Sub Type Auto Shop
Square Footage 12,000
Cap Rate 60.00%
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Remaining Term 3
Year Built 2013
Unique & Very Profitable
Marketing description
This Auto dealer is a full service used car dealer which has been in business for over 10 years. It sells all makes and models of used cars while offering financing solutions to all types of customers. There is a sole owner and manager for over 10 years and has worn every hat possible in the automotive industry. Owner has had several other successful businesses before he started this dealership in 2013. It has been growing every year since its inception and has had to move to 4 different locations as the company grew in space and sales. The current location in Pompano Beach serves as its location for the past four years becoming a staple in the community and the go to used car dealership in Northern Broward. Also the business was just rewarded a license with UHAUL to rent trucks.
Investment highlights
- Explanation of Valuation
- The asking price is $1.1M (decreased from $1.5M that you will see in the CIM)
- P&L for 2024 has net income of $88,483.57
- Ad backs $171,350
- The Rule of Thumb in the Business Brokering Hand Book for used car dealerships is a 1.38 to 4.10 multiple
- We are using a very fair conservative average multiple of 2.74.
- Add $88,483.57 net income plus $171,350 ad backs $259,833.
- Take $259,833 with a 2.74 multiplier is a total of $711,942 ‘
- Plus 400k inventory
- Total of $1,111,942 Asking $1.1M
- Doozy Auto currently has 3 floor plan companies: ACV 75k line, Flexplus with 50k line, Axel funding with 50k line.
- Cash Flow (SDE):$275,000
- Gross Revenue:$2,100,000
- EBITDA: Not Disclosed
- Seller Financing Available
- Inventory: $400,000
- Included in asking price Employees: 4
- Furniture, Fixtures, & Equipment (FF&E): $5,000
- Included in asking price Facilities: Great location on corner lot in Pompano in high traffic area. Assets are $400,000 value in car rentals with fully operating office
- Competition: No real competition in the aea
- Growth & Expansion: Growth with more marketing, extended hours and additional inventory. 3500 additional square fee is available for rent currently held by landlord.
- Financing: Seller will finance 50%
- Support & Training: Owner will stay and train for free for 30 days
- Reason for Selling: Retirement
Listing Contacts
Listed by Signature Commercial Real Estate
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