Business Overview:
Used automobile dealership selling, servicing and renting vehicles to customers. The company also sells extended warranties in partnership with a warranty company.
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Property Features and Assets:
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.
Assets= $1,319,884
Market Competition and Expansion:
Sales of used automobiles is a highly competitive industry. Carmax, Carvana and New Car Dealer Franchises are immediate competitors.
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.
Reason for Selling:
Seller is focusing on new business venture.
Additional Details:
- The property is leased.
- 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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