25 Year Buy Here Pay Here Dealership

Panama City, FL (Bay County)

Drone pic from ease 23rd street
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Asking Price: $3,608,680

Cash Flow: $448,770

Gross Revenue: $3,235,041

EBITDA: N/A

FF&E: $497,474

Inventory: $665,163

Real Estate: $1,998,577

Established: 1994

25 Year Buy Here Pay Here Dealership

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Business Description

Northwest Florida

Lifetime car man retiring and selling Buy Here Pay Here dealership he established in 1994.We sell 350 units a year and keep in stock over 100 at all times. We have a 14 bay service facility doing reconditioning prior to the sale, that allows us to offer a superior product and A 30 day limited warranty on every unit sold. The property is located on a four lane major thoroughfare that's soon to be expanded to a six lane highway. We are a mile away from Gulf State College, Florida State University Panama City Campus and three miles from the World's Most Beautiful Beaches of Panama City Beach and Walton county 30a. The lot is fully paved and has 380 feet of frontage and 300 feet deep consisting of 2.75 acres, with another 2.5 acres available for expansion. We are a fully compliant dealership and have won the Better Business Bureau's award for Marketplace ethics along with the Best of Bay award.

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Detailed Information

Location:
Panama City, FL
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
8,800
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Sales and Finance office serves as a collection center and sales facility that can two collection desks, 2 sales, and an F and I closing office, along with a General Manager/ Owners private office and bathroom. The 14 bay service facility has 14 full service lifts including an alignment machine, snap on scanners, six mechanics, service Manager, detail shop , and employee break room. 2018 land and building appraisal.
Competition:
Panama City Florida is the perfect place to own a buy here pay here dealership due to the large number of service oriented business on the beaches. We have surrounding counties totaling over 500,000 people for marketing purposes.
Growth & Expansion:
Great facility and area to grow the business along with the 5.25 acres available room for the growth. This business has unlimited potential with the right financial backing.
Financing:
no financing available with purchase, accounts receivable not included in price
Support & Training:
Owner is willing to work with new owner if so desired during the transition phase. Please note Accounts receivable not included in price but can be added to a qualified cash buyer.
Reason for Selling:
owner retiring after 35 years in the automotive industry
Business Website:
http://bubbahillautoplaza.com
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Business Listed By:
IRA HILL

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