Business Overview:
Headquartered in the Midwest, Project Cruise is a multi-location used car dealership that deploys a differentiated approach where it focuses on the quality of its inventory and generates long-term customer satisfaction. The Company has built a positive reputation in the community by purchasing late model domestic vehicles and making significant investments in the reconditioning of each vehicle. In turn, Cruise can generate above average profit margins on each sale.
The owners are nearing retirement age and desire to divest from the Business but are willing to assist new ownership for the next 3-5 years. The owners are inclined to continue in their current operational roles, allowing new ownership to focus on long-term strategic planning and attacking growth opportunities.
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Property Features and Assets:
The facilities include 55,026 square feet on 9.96 acres of land across multiple locations. The facilities are owned by the Company and comprise sales offices, service centers, detailing centers, showrooms, business development offices, corporate offices, and undeveloped land.
Market Competition and Expansion:
Investment Highlights Include:
1. Focus on Quality Inventory
2. Lucrative Sales Structure
3. Online Platform
4. Marketing and Community Involvement
Growth Opportunities Include:
1. Geographic Expansion
2. Additional Revenue Streams
3. Enhance Online Buying Platform
4. Maximize Current Facilities Utilization
Reason for Selling:
Ownership would like to pursue retirement.
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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