Description: Property Description
Live in the mountains, enjoy cooler summers, and take advantage of the outdoors to double your current earnings!
This business has been operating for 37 years. Real estate is included, featuring a building of approximately 10,000 square feet. The company generates $1.5 million in cash flow, with $1.5 million in real estate value, and a total purchase price of $2.5 million. Located in Newland, NC, often referred to as “God’s Country,” the company is a dealer for Polaris Offroad Vehicles. It also sells new and used Range Rovers, Polaris Offroad vehicles, Vanderhall Roadsters, and the highly anticipated Vanderhall Brawley, an electric 400HP off-road and on-road SUV-style monster. The seller already has 14 reservations on the books, with prices starting at $60K.
Car sales are processed through the company’s South Florida office, contributing to a net profit of about $1.5 million annually.
The company is now ready to sell the dealership located in Newland, NC. You can learn more at www.scottrodesauto.com. The dealership property was purchased 10 years ago, originally as a tax write-off. Over the past four years, the company has made operational changes that have significantly enhanced performance. The property is located in downtown Newland, the county seat, with over 10K vehicles passing daily due to the TN-SC route. Positioned a block from downtown, the property enjoys excellent access and visibility, surrounded by four roads. The building is approximately 10,000 square feet, featuring a large showroom, parts department, and five service bays. Additionally, the company holds a U-Haul franchise and operates an off-road rental business.
The company sells Polaris Offroad vehicles, new and used, along with Vanderhall Roadsters and the eagerly awaited Vanderhall Brawley. There are currently 14 reservations on the books, starting at $60K each.
As one of the oldest Range Rover dealers, having started in 1987 in Florida (the first year US models were introduced), I maintain a Land Rover/Jaguar/Range Rover sales and service business here in Newland. Avery County, where the dealership is located, is comparable to the Aspen/Vail area, with a large population of second homeowners. Many mountain clubs exist in the county, with average home prices exceeding $1 million.
Recently, a local tire store within walking distance sold for $3,250,000 in real estate and $2 million for the business. The buyer, a fund from Atlanta, financed the purchase through Getty Realty Corp (NYSE: GTY) for a total of $5,050,000, with GTY acquiring the property. This dealership, including the real estate, business, and inventory, is being offered as a package for $2.5 million.
Many local communities are havens for residents of South and Central Florida.
Proof of funds is required to view further details. A bio or LinkedIn profile is also required. This is a package deal including the dealership, real estate, and inventory.
Detailed Information
- Location: Newland, NC
- Type: Other Business Real Estate
- Building SF: 10,000
- Building Status: Established
- Facilities: The building is approximately 10,000 square feet, with a large showroom, parts department, and five service bays. The property also includes a U-Haul franchise and an off-road rental business. The business sells Polaris Offroad vehicles (new and used), Vanderhall Roadsters, and the electric 400HP Vanderhall Brawley. There are 14 reservations on the books, with prices starting at $60K each.
- Current and Prior Use: Automobile Dealer