Listing Number: 1110202-767589
Description
17-year old, high quality, profitable, established used car dealership in a St Louis suburb with excellent Google and Facebook reviews. Annual SDE has averaged around $300k. At 11-months, 2024 revenue is up 70% and SDE is projected to near $700k due to increased used-car availability and reduced prices. They should sell 400 cars during 2024. Real estate includes .92 acres on a busy street with recently renovated 2,000 sf office building and 2,000 sf 4-bay detail/service garage with new equipment. Solar panel system supplies over 70% of electrical usage. Experienced managers and sales/service team have been employed from 5 to 14 years. Seller works 30-40 hrs/week and wants to retire. $750,000 vehicle inventory is available at additional cost. Rapidly growing service business. Significant growth possible by hiring additional sales personnel and expanding service location.
For additional information, contact the listing broker, Charlie Scarlett at 636-400-5409 or cscarlett@tworld,com. Real Estate included through WJRJR LLC, 636-400-6100 Listing Broker William Roland Jr.
Listing Details
- Price: DH 1,200,000
- Down Payment: DH120,000
- Sellers Discretionary Earnings: DH 278,988
- Total Sales: DH 7,201,925
- Location: Madison County, Illinois
- Inventory: DH 750,000
- FF&E: DH 100,000
- Employees: 11
- Year Established: 2007
- Reason for Selling: Retirement
- Category: Automotive
Business Listed By:
- Charlie Scarlett
- Phone: (636) 400-5409
- Email: cscarlett@tworld.com
