Auto Dealer - Prime Location! Reduced to Sell $590K
Business Description
The Journey of a Community Automotive Legacy
In 2013, a seasoned entrepreneur with multiple successful ventures under his belt saw an opportunity to serve the Pompano Beach community in a meaningful way. What started as a vision to provide honest, reliable used car sales with accessible financing has grown into Northern Broward's trusted automotive destination.
This remarkable journey spans over a decade of continuous growth, requiring four strategic relocations as the business expanded both in scope and community impact. Each move represented a milestone - more space, increased inventory, and deeper community roots. For the past four years, the dealership has found its permanent home in prime Pompano Beach location, becoming a true neighborhood staple.
The owner-operator has been the heart of this operation, wearing every hat in the automotive industry and building relationships one customer at a time. His hands-on approach and industry expertise have created a full-service experience that serves all types of customers, from first-time buyers to families needing reliable transportation.
Recent expansion into U-Haul truck rentals demonstrates the business's commitment to evolving with community needs, adding another revenue stream while serving existing customers more comprehensively.
Financial Strength and Opportunity:
- 2024 net income: $88,484 with $171,350 in add-backs
- Normalized earnings: $259,833
- Conservative industry multiple valuation supports asking price of $590,000
- Established inventory financing relationships with three floor plan companies (total $175,000 credit lines)
- Approximately $400,000 in current inventory to sell with % to buyer
This established dealership represents more than a business transaction - it's an opportunity to continue a meaningful story of community service, automotive expertise, and proven growth. The next owner will inherit not just financial performance, but a legacy of trust, established systems, and unlimited potential for expansion.
Partnership opportunities also available for qualified candidates seeking collaborative ownership structure.
In 2013, a seasoned entrepreneur with multiple successful ventures under his belt saw an opportunity to serve the Pompano Beach community in a meaningful way. What started as a vision to provide honest, reliable used car sales with accessible financing has grown into Northern Broward's trusted automotive destination.
This remarkable journey spans over a decade of continuous growth, requiring four strategic relocations as the business expanded both in scope and community impact. Each move represented a milestone - more space, increased inventory, and deeper community roots. For the past four years, the dealership has found its permanent home in prime Pompano Beach location, becoming a true neighborhood staple.
The owner-operator has been the heart of this operation, wearing every hat in the automotive industry and building relationships one customer at a time. His hands-on approach and industry expertise have created a full-service experience that serves all types of customers, from first-time buyers to families needing reliable transportation.
Recent expansion into U-Haul truck rentals demonstrates the business's commitment to evolving with community needs, adding another revenue stream while serving existing customers more comprehensively.
Financial Strength and Opportunity:
- 2024 net income: $88,484 with $171,350 in add-backs
- Normalized earnings: $259,833
- Conservative industry multiple valuation supports asking price of $590,000
- Established inventory financing relationships with three floor plan companies (total $175,000 credit lines)
- Approximately $400,000 in current inventory to sell with % to buyer
This established dealership represents more than a business transaction - it's an opportunity to continue a meaningful story of community service, automotive expertise, and proven growth. The next owner will inherit not just financial performance, but a legacy of trust, established systems, and unlimited potential for expansion.
Partnership opportunities also available for qualified candidates seeking collaborative ownership structure.
About the Business
- Years in Operation
- 12
- Employees
- 4
- Facilities & Assets
- Great location on corner lot in Pompano in high traffic area near $2.5B city renovation Assets are $400,000 value in car rentals with fully operating office
- Market Outlook / Competition
- No real competition in the aea
- Opportunities for Growth
- Growth with more marketing, extended hours and additional inventory. 3500 additional square fee is available for rent currently held by landlord.
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Owner will stay and train for free for 30 days
- Financing Options
- Seller will finance 50%
Listing Info
- ID
- 2286925
- Listing Views
- 1475
Listing ID: 2286925 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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