Award Winning Certified Pre-Owned Dealership Huge Service Department!
Asking Price: | $395,000 |
EBITDA: | $336,114 |
Established Year: | 2009 |
Gross Revenue: | $4,719,128 |
FF&E: | $350,000 |
Naperville was named the best city to live in America in 2024!
Finance with as little as $75K Down, owner can assist with financing.
Available is a unique opportunity to own a highly profitable award winning Certified Used Car Dealership and auto repair facility. This business has an excellent reputation and over 15 years in business serving the local community. Amazing location that is Zoned for Automotive Sales and Service and recently the business was honored with the prestigious Dealer of the Year Award, defeating over 5,000 other dealerships competing for this coveted title. The dealership is located on a busy state road with over 40,000 vehicles driving past the business each day. This is a turnkey business opportunity with the business name, business license, tools, equipment, and all furniture fixtures and equipment included. Just bring your own operations staff (owner can assist with hiring), the business has all computer systems, operating systems and procedures in place for the new owner to be able to step right into the shoes of the existing General Manager.
The sales prices includes the business and assets only, with the ability to do a long term lease on the property, or purchase the Real Estate Separately. Currently the facility is on a 2 acre property with an 8,700 Square foot building where the dealership sales and service operations are located. Currently there is room to park 55+ vehicles onsite outdoors, with additional expansion area available to add an additional 60 parking spots for storage in the rear of the property.
Up until 2021 the dealership was selling 300-350 cars per year, with strong margins on both wholesale and retail vehicles. The dealership has a very strong online presence, and approximately 25% of the dealership sales are out of state. The service department was recently built from the ground up. The service department has 5 two post Service lifts, 1 Alignment lift and additional Hunter quick check lane for checking vehicle alignments, tire tread depth and general diagnostics. Additional area is available that can be used as a wash or photography area (8 bays total). In total, the service department has approximately $350,000 in new equipment installed over the last 5 years. All of the equipment is the latest and top-of-the-line Hunter Equipment that is the required alignment and tire equipment to service high end luxury and exotic cars. With the new service department now completed, there is tremendous opportunity for a good owner operator to take the service facility to the next level and generate $600,000+ per year in additional service revenue. The sale includes all tools, service and office equipment. This business was built with love from the ground up. The owners have been incredibly successful with this automotive business, and recently acquired a financial institution as well as 2 new car franchise dealerships. They have made the decision to focus their time on developing their new businesses.
Vehicle inventory is not included in the sales price, but the owner can assist acquiring new inventory from various auctions and wholesale sources. Dealership also has 3+ millions dollars in outstanding accounts receivable from their vehicle leasing and rental operation. Those are not included in the asset sale. However, the existing owner will help the buyer set up a rental operation, BHPH Financing, Lease Here Pay Here, as well as a related warranty company operation if interested. The current owner is also willing to offer an exclusive right to purchase new car dealer trade-ins from his existing new car dealership operations to assist with inventory acquisition during the first 90 days.
Contact the listing agent for additional details. A non-disclosure agreement will need to be signed by any prospective buyer along with proof of funds before showing. SBA financing is available for this business and property, and the owners can assist obtain financing for the right buyer.