MergerPlace

Used Auto Sales

Illinois (Cook)


  • Asking Price: $1,750,000
  • Gross Income: $5,548,766
  • Cash Flow: $254,405
  • Real Estate: Not Disclosed
  • Inventory: $925,285
  • FF&E: $259,996
  • Listing ID: #217779
  • Established: 15
  • Employees: 5 FT

Business Description

Used automobile dealership selling, servicing and renting vehicles to customers. The company also sells extended warranties in partnership with a warranty company.


Business Details

Primary Business Category: Services - Other Services
Location: Illinois
County: Cook

Company Information

Year Established: 15
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 5 FT

Financial Information

Asking Price: $1,750,000
Gross Revenue: $5,548,766
Cash Flow: $254,405
FF&E: $259,996
Inventory: $925,285
Seller Financing Available: Yes

Property Information

Facilities:

New building built in 2009 consisting of 6,500 square feet of usable indoor space. Car lot is on the property. The location is along a major city thoroughfare with excellent exposure to passing traffic. High traffic count of over 45,000 vehicles per day. Dealership in only about a mile from the Expressway-294. Metra train station is just a few blocks away.

Growth & expansion opportunities:

Increase inventory and service department. New opportunity with Turo for rental vehicles. Excellent growth potential with multiple auto sales, warranty sales and auto rental revenue streams.

Competition:

Sales of used automobiles is a highly competitive industry. Carmax, Carvana and New Car Dealer Franchises are immediate competitors.

Reason for selling:

Seller is focusing on new business venture.

Support & Training:

Will train for 4 weeks @ no cost Necessary licenses include state and local business licenses and the State of Illinois car dealer license. Skills include the ability to evaluate and sell automobiles, customer management skills, basic understanding of auto repair costs and automobile financing considerations.

Contact Business Seller

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Business Listed By:

Terry Flanagan

Murphy Business Brokers