International Classic Car Company

Los Angeles, CA
Main Showroom

Seller Financing Available

Asking Price:$675,000
Rent:$12,750/Month
Gross Revenue:$3,000,000
Established Year:1999
BUSINESS DESCRIPTION

Classic Car Company. Excellent

What is Sportscar LA?
Sportscar LA was born from a deep passion for cars, a passion that took root during my early 20s while working in Formula One. This experience taught me that there are countless ways to indulge in the love of automobiles. For many enthusiasts, the joy lies in owning a classic car, and that's where Sportscar LA comes in. Specializing in the iconic R107 chassis Mercedes convertible—an elegant car admired by many yet out of reach for most—I built this business to make these timeless vehicles attainable. Our mission is to offer classic Mercedes SLs that cater to all kinds of buyers, providing options that range from "As Is" condition to pristine originals or fully restored models.

Our Location
Sportscar LA is conveniently located just off Slauson Avenue and the 110 freeway, at 410 E 58th Street in Los Angeles. We're minutes away from downtown, USC, and the 10 freeway. Our business occupies a 25,000-square-foot lot that features a spacious 10,000-square-foot showroom, a 2,500-square-foot top of the line workshop, a dedicated detailing bay with a lift, an auto upholstery shop, modern office spaces, and a specialized car photo bay. The surrounding neighborhood is continually being improved upon. The continuing renovations will ensure an even more vibrant and accessible location for our clients and visitors.

About the Business and Cars
Sportscar LA is a fully operational, turnkey classic car dealership, specializing in Mercedes-Benz models from the 1960s to the 1990s. Our team consists of seven full-time staff members, many of whom have been with us since the beginning. Highly skilled and Mercedes-trained, our technicians and craftsmen ensure that every car is handled with expert care. We also collaborate with various subcontractors to provide specialized services. As a going concern, this business offers everything from mechanical and prep work to a dedicated sales team, with the option to include our extensive inventory in the sale. Our goal remains clear: to make the dream of owning a classic Mercedes a reality for enthusiasts of all ages.


DETAILED INFORMATION
Location
Los Angeles, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
12,000
Lease Expiration
01/01/2029
Employees
7
Facilities
The business is located in central Los Angeles. Very up and coming area. Surrounded by all freeways. LAX 20 minutes Downtown Los Angles 15 minutes Business comes with modern showroom and sales staff Fully working workshops, Fully working upholstery shop Fully working detail bay Four hoists. In place finance companies DMV registration company. All business licenses. Dealer license. Great google and instagram following
Competition
The collector car market alone sold $2.2 Billion in goods in 2021. The estimated value of the US collector car market exceeds $1 Trillion dollars in current value. While there are a myriad of used and collector car dealerships, very few match the quantity or quality of classic Mercedes that we have. In addition, "SportsCar LA" is a global brand, selling in Europe, the Middle East. Also Australia, New Zealand and Japan. We are very much a staple in our industry.
Growth & Expansion
The current limitation of the business is intake of stock. We're currently very capable of selling cars and locating quality cars that meet our standards. However, this takes exceeding amounts of time. Currently the owner feels that he lacks the free time to continue bringing the best cars to our showroom to sell. This is a strong motivator for his personal divestment of the business. The current owner would be very happy to stay on as car locater and buyer for a period of time, to ensure the business continues to thrive.
Financing
Open to discussion
Support & Training
The current owner is open to an extended transition period where knowledge sharing and training of incoming staff would be possible. Documentation of existing processes will be available, as well as a record of current service accounts for administrative needs.
Reason for Selling
The owner would like to retire.

BUSINESS LOCATION
Report an Issue with this listing
Roy Steele
Roy Steele