Partner for Late Model Off Lease Auto Business-5 lines

Port Charlotte, FL
Asking Price:$100,000
Established Year:1995
Rent:$2,500/Month
BUSINESS DESCRIPTION

$75,000 credit line included

We are a 30-year-old company looking for an experienced partner to open a second location in Florida.
Manheim Auctions has 10 busy Florida locations and you will be able to buy and sell from all. We supply a revolving credit line to purchase all vehicles sold with a deposit. We buy from factory auction sales, 5 lines to choose from. All low mileage with Factory Warranty and no accidents. We have over 800 vehicles weekly with advance notice of models, colors and prices. No inventory is needed. We are the original dealer to offer Virtual Auto Auction studio for no competition and profitable sales. Customers view inventory available weekly with photos, reports and pricing on a large tv screen in the comfort of a private studio by appointment.
We also have a unique marketing program set up with three social clubs to showcase our internet showroom with one price delivery. We include this at no charge for the first month. We also have financing in place with low interest for customers with good credit only.


DETAILED INFORMATION
Location
Port Charlotte, FL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,600
Facilities
A partnership will require you to open with a small office or storefront in a commercial zone. We supply a Dealer plate and insurance for sold vehicles. Low overhead and high profits.
Competition
We buy direct from Factory Sales and currently have over 2,000 vehicles weekly available. All are low mileage with Factory Warranty. Florida continues to have a strong off lease business.
Growth & Expansion
The right partner may increase the credit line in time and have floor planning from Manheim and Nextgear with approval.
Financing
We require $75,000 up front and balance of $25,000 in 45 days.
Support & Training
We supply 30 days of training in person and via zoom. Also included is membership in all Manheim Auctions in Florida with free video tutorials available 24/7 in all aspects of the business.
Reason for Selling
Owner is semi-retiring. Please no phone calls. Send summary of business backgrou

BUSINESS LOCATION
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JUSTIN JUDD
JUSTIN JUDD