Karma of Broward & Karma Palm Beach Close $7.5 Million Credit Facility With Feenix Venture Partners

FORT LAUDERDALE, Fla., February 24, 2022 (Newswire.com) - Karma of Broward, Inc., owned by Scott and Kristen Zankl, has partnered with Feenix Venture Partners on a $7.5mm credit facility to pursue a major exotic car fleet expansion. The additional vehicles are being shown at the Zankls' new Broward County location that was opened last year at 1717 SE Street in Fort Lauderdale. This new showroom is close to eight marinas and opposite the Greater Fort Lauderdale Convention Center. The financing will allow Karma to more than double its existing inventory from 35 to over 70 vehicles. The Karma Broward showroom is now filled with a shiny display of McLarens, Ferraris, Rolls-Royces, Karmas and other high-end supercars.  Both showrooms are close to the Karma Service center which has the capability to service all exotic vehicles including Karma.

"Our sales team is passionate about placing customers in their dream cars. With Karma, and our expanded fleet of exotic cars- Bentley, Rolls-Royce, Ferrari, Rhino, Rezvani, McLaren, etc., we look forward to offering our customers their dreams of luxury electric and gas vehicles rich in customization opportunities, craftsmanship and performance," said Scott Zankl.

Matthew Pilkington, Partner and Managing Director at Feenix, commented: "We take tremendous pleasure in supporting Scott and Kristen in their expanding endeavors. They have been pillars of the local community supporting many charities including veteran causes and supporting families in financial distress. We are always looking to partner with entrepreneurs who want to take the next step in growing their businesses." 

About Karma Broward/Karma Palm Beach

Karma Broward and Karma Palm Beach are part of the Excell Auto Group. The Zankl family-owned dealerships have been leading the luxury and exotic market for over 20 years. The company takes the time to understand the needs of each customer and will carefully guide them through the buying process. The Zankls believe buying a car should not be tedious, but a fun and exciting experience! They put customers in their dream cars. It is what the Zankls love to do. For more information, please visit us at: https://www.karmaofbroward.com/ and https://www.karmapalmbeach.com/

About Feenix Venture Partners

Feenix Venture Partners ("Feenix") is an alternative investment firm established in 2017 and headquartered in New York City.  Feenix provides growth capital through debt and equity to small and medium-sized businesses, primarily in the consumer sector. Feenix is an active investor in food & beverage, hospitality, direct-to-consumer e-commerce, SaaS, and other service businesses. For more information about the firm, please visit: www.feenixpartners.com.

Source: Karma of Broward