Auto Auction

Mid West

Auto Auction

Asking Price:$2,200,000

Cash Flow:$811,141

Gross Revenue:$3,077,100




Rate/Sq. Ft.:N/A


Auto Auction

Get Financing Save Print Share Valuation Report

Business Description

Outstanding cash flow!!

The owner conducts one of the largest auto auction sale in the Midwest and is one of the longest operating auto auctions in the country. Once a week 300+ cars, in two to three action packed auction lanes, are offered to hundreds of dealers.

This auto auction is known throughout the Midwest for its great selection of cars and its award winning service. Dealers are treated right whether they are buyers, sellers or both! And, treating dealers right keeps them coming back! And one of the company's biggest assets are the employees, with a can do attitude.

Industry experts are forecasting significant growth in used car sales and the sale prices for auto auctions.

The auction sells 57% of the 12,000 cars shown at the auction. Average prices vary from $2522 for dealer consignment to $7,766 for institutional vehicles.

Buyer is responsible for a 5% Broker's commission.

Detailed Information

Included in asking price
Real Estate:
Building Sq. Ft.:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Perfect location at the cross roads of two major highways. Both buildings are in excellent condition. The main building handles the clerical staff, kitchen, management offices, the auction lanes and a prep area. The out building is for storage. Located on asphalt 12+ acres
The business is somewhat removed from most competitors. This type of business places a high value on relationships.
Growth & Expansion:
Because of family issues the owner has been distracted and not able to focus on the business. However, there are significant opportunities for growth. Industry experts are forecasting significant growth in the used car market along with higher sale multiples
Support & Training:
Seller will provide or act as the manager.
Reason for Selling:
Family reasons

Listing Statistics for Premium Members

Ad#:1296404 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

(from currently available funds)
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Steve Sink    CBI-M&AMI

Business Listed By:
Steve Sink CBI-M&AMI

Phoenix Affiliates

Show Phone Number

View My Listings

Find out more...

Get more details about this business.

Similar Listings

Relocation Strategies Inc.

Franchise Opportunity
Capital Required: $52,000