Business For Sale

Classic Car Business Ready for Next Owner

Not Disclosed, IL
DuPage County


Asking Price: Annual Revenue:
$280,000 $1,779,387

Automotive & Boats: Dealerships - Auto, Truck, Motorcycle


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RE: Classic Car Business Ready for Next Owner Broker: Steven Eschbach

Quick Facts

Asking Price: $280,000
Annual Revenue: $1,779,387
Net Profit: Not Disclosed
Cash Flow: $160,942
Total Debt: Not Disclosed
FF&E: $70,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 7
BBN Listing #: 673852743
Broker Reference #: 3233-849104

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Business Overview:

After more than 10 years of consistently profitable business they loved and started, the owners are ready to retire. The primary business is the retail sales of Corvettes and Classic Cars, but also performs service, mainenance and restorations with total annual revenue of about $2 million. Housed in an 11,000 square foot leased facility, the location has excellent roadway exposure on a major interstate expressway (Route I-55). The strong existing customer base, historical performance and well-trained staff makes this an opportunity that must be explored by entrepreneurs, investment companies or as an addition to an existing auto group company. Being one of three coast to coast locations, Corvette Mike has a very strong name recognition as well as an outstanding reputation for the quality of sales and services they provide. Asking price excludes inventory.

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Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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