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HomeBusinessFor sale: luxury car dealership (cars not included)

For sale: luxury car dealership (cars not included)

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Bob Mackin

A luxury car dealership could be yours for the price of… a luxury car.

The business at the empty showroom at 1913-1915 Burrard Street in Vancouver is listed at $298,000 by Magsen real estate agent Jeffrey Lim.

Empty showroom at the New Way of Luxury auto dealership (Mackin)

Location! location! location! Come and grab this auto dealership business which already set-up and ready to go. Easy to apply your D-plate. The interior is approx. 2,888 square feet and can fit approx. 6-7 cars,” the listing states. “Rare opportunity for the right entrepreneur. It will be gone soon before you even know it. Lots of luxury sport cars business and high end luxury cars nearby, which include Ferrari, Rolls Royce, MCL Motor and etc. It’s hard to find auto business in the area.”

The listing comes a month after the lawyer for landlord Toyo Burrard Developments posted legal notices of lease termination on the door of R.X. Luxury International, which was doing business as the New Way of Luxury or Luxury Motor. The notices claimed tenant R.X. Luxury and four guarantors failed to pay rent at 1913, 1923 and 1933 Burrard.

Named in the documents from Chen and Leung Barristers and Solicitors were Yi Shi, Pei Juan Xu, Yuan Shao and Xoap Ping Zhang.

What the New Way of Luxury looked like when it was open (Magsen Realty)

A hand-printed, undated note posted to the inside of the window read: “Due to COVID-19 safety measures with this situation, we closed. We will make announcement once things get back to normal. Stay safe.” 

R.X. Luxury was incorporated in February 2014 by Yi Shi, then of North Vancouver. The showroom, also known as Luxury Motor, featured an eclectic rotation of shiny Lamborghinis, Ferraris, Porsches, Bentleys and other six-figure vehicles. Sometimes it was empty. Often there was nobody there and the doors locked during business hours.

When it was operating, the dealership had accepted transactions via the Chinese payment platforms UnionPay, Ali Pay and WeChat Pay.

In 2019, Yi, who also uses the English first name Robin, was licensed by the Motor Vehicle Sales Authority along with Michael Shiu Ming Ho at the dealership.

The current registration lists only Yiyang Zhang, whose licence expires April 6. The dealership’s licence expires June 11.

Nobody answered the listed number when theBreaker.news called.

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