773.243.1603
773.243.1603
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Listing ID:3N1018

SOLD – Chicago Used Car Dealership

Sold

The business was founded in 2005. They have a full range of customer credit profiles and they specialize in the subprime market. The business has focused on this niche and developed a very successful business model with this approach. The result has contributed to a steady annual increase in revenue and profitability.

The business has a professional front office staff to handle sales and transactions. They also offer mechanic services at its current location. Service work ranges from simple oil changes to engine replacement and everything in between.

The business has established an excellent reputation in its market for used cars. The staff of salespeople, managers and office personnel have created a family business atmosphere and they make the car buying experience easy.

Transcation Details

  • Location

    Chicagoland Area, Illinois

  • Results

    51 Inquiries
    8 Showings
    2 Offers

  • ESTABLISHED IN

    2005

  • Real estate Included

    No

  • Full-Time Employees

    12

  • Franchise

    No

  • Industry

    Automotive

  • Reason for Selling

    Retirement

  • Inventory Included

    Yes

  • Part-Time Employees

  • Business

    SOLD – Chicago Used Car Dealership

  • Acquirer

    Investor

  • Annual Revenue

    $10,056,236

  • Annual Cash Flow

    $405,959

  • Seller Financing

  • SBA Financing

  • Listing Price

    $459,000

  • Acquisition Highlights

    – Excellent reputation in the market
    – Local dealership with repeat business
    – Turn key operation
    – Low owner involvement
    – Niche market strategy

Tony Schiappa