Lot on US 1 400 Foot of Frontage
Display Low Area North Side
Lower Lot-Shop and Storage
Gross Revenue: $500,000
* not included in asking price.
CAR LOT BHPH - Shop - Apartment
Established Business with Living Quarters in Florida
USED CAR LOT BHPH - Service - Detail - 2 BR Apartment Onsite.
Retiring - Take Over fully operational Used Car BHPH lot on the Florida coast - 400 Feet on main highway US 1, complete with Large Sales Office, Concrete display area for 30 cars plus large lower lot will fit 50 cars or more, Service Garage 2 Lifts , Tire Service - AC - and General Mechanical Repairs - Detail Area, and a 2 BR apartment to move right into or to rent out. The facility is set up and equipped to efficiently process all phases of the used car business : Repair - Recondition - Detail - Buy - Sell - Finance. With large storage yard, Tow Truck - 2 Lifts, 2 double deep garages, Detail Shed - Storage Trailers - Large concrete paved Car Display Area - Nice big open and bright Sales Office with handicapped bath, with connecting door leading to a two bedroom 1 bath apartment with large livingroom and Kitchen (apartment is currently used as private offices). Facility is secure, surrounded with barb wire fencing and two wide rolling gates and protected by 9 camera high quality IP Axis security system. COMPUTERS and NETWORK: Currently operational system includes 5 computer stations, 4 printers, 9 IP Security Cameras, wired network with with WIFI available. Using Wayne Reaves Dealer Management Software loaded on all machines. Integrated Website also hosted by Wayne Reaves. My name is Tom, I am the owner and I will take this opportunity to tell you about Megs Cars and why I want to sell out. I was a General Contractor for 37 years in Ft Lauderdale. Moving to North Hutchinson Island (Fort Pierce) for the relaxing life style and beautiful beaches. I started Megs Cars with a few cars as a low key semi retirement hobby. Soon we were grossing 600k a year, business was booming and we moved a few times as we grew. Well, I turned 66 and no longer have the energy, enthusiasm or desire to continue. Knowing all the work and expense required to set up an efficient operation like this one is, I thought it would be a shame to sell the pieces, hoping I could find a young man that wants to set up a Car Lot, wants to walk in and take the reigns, wants to save money and save time, move in, hit the ground running and take this facility and build it. If you are thinking of relocating to Florida, here is an opportunity to take over a running business, with a place to live, for a relatively inexpensive initial investment! If you like big cities and nightlife, this is not for you. Ft Pierce is a sleepy small town that closes up at night. Things are slow and quiet in the summer, with business being more robust during season.
Inventory: Not included in asking price
Facilities: Selling currently operating business including exclusive of the Real Estate which we lease. Sale price includes all but the Real Estate, Inventory and BHPH notes. Owner open to negotiate a package deal to include the Inventory and Paper and may consider offering some Seller Financing to the buyer.
Competition: Situated between Vero Beach and Pt Saint Lucie, Ft Pierce is a small relaxed area. Though there are both New Car Dealerships as well as small independent Lots competing for business, Megs Cars is positioned well on the north side of town with 400' fronting main highway US Route 1 with a lot of drive by traffic. Our business comes from repeat customers, credit challenged BHPH local customers, cash sales to seasonal residents and Website advertising.
Growth & Expansion: Current management has become laxed in buying, selling, advertising and promoting the business and sales have suffered as a result. Megs Cars is a well designed operational facility that needs a new owner. As with any business, the success and growth potential can only be enjoyed as the fruit of dedication, enthusiasm and a lot determination and hard work. Megs Cars needs fresh energetic management, fresh inventory, and an advertising campaign with strong emphasis on Web Site based marketing.
Financing: Seller may consider financing inventory and BHPH Portfoilio
Support & Training: Owner lives a few miles from the car lot and will offer a month of training.
Reason for Selling: Retiring
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