Midsize Lucrative Established Car Dealership
Cook County, IL
| Asking Price: | $4,500,000 |
| Gross Revenue: | $21,300,022 |
| Real Estate: | $2,250,000 |
| Cash Flow: | $1,199,035 |
| FF&E: | $200,000 |
| Established Year: | 2011 |
Listing ID: 2183786Listing provided by BizBuySell
BUSINESS DESCRIPTION
Turnkey Very Profitable Used Car Dealership with Real Estate
Well established dealership that averages 600-800 vehicles sold per year.
Situated on 1.68 acres with a 5,500 SF building (2nd floor expandable)
Amazing location, located on major thoroughfare with 779' of frontage on route with 35,700 daily traffic counts!
Fully turnkey with current semi-absentee ownership:
5/6 sales people
2 Financing + Insurance employees
1 general manager
1 sales manager
1 admin
1 service manager
1 porter
2 mechanics
Take advantage of the connections, relationships, business reviews:
KBB - 2134 (5)
Google - 1,642 (4.7)
FB - 639 (4.7) 12k+ followers
Cars.com 724 (4.7)
Strong relationships with local lenders to finance your customers.
DETAILED INFORMATION
Location
Cook County, IL
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
5,500
Employees
13
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
1.68 acres with a 5,500 SF building that includes show room, offices and repair area with 2 lifts. Parking to accommodate 140 cars. Website, reviews, database included
Competition
Great location without much local competition. High visibility location.
Growth & Expansion
Plans for second floor build out for more office allowing larger show room. Possibility to add repair and service business. Currently includes 2 lifts in the service area.
Financing
SBA lenders available for only 10% down (or 5% with 5% seller financing). Other
Support & Training
Turn key but seller is willing to train
Reason for Selling
Owner Retiring
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