15 Yr Old Turn-Key Pre-Owned Car Dealership for Sale

Saint Charles, IL (Kane County)

15 Yr Old Turn-Key Pre-Owned Car Dealership for Sale
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Asking Price: $475,000

Cash Flow: $250,000

Gross Revenue: $6,000,000

EBITDA: N/A

FF&E: $75,000

Inventory: $1,400,000*

Rent: $11,000 /Month

Established: 2004

*not included in asking price.

15 Yr Old Turn-Key Pre-Owned Car Dealership for Sale

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Business Description

Room for 150+ Cars - 6 Lift Service Shop - 35,000/Day Traffic Count!

Amazing opportunity to purchase a highly reputable, profitable, turn-key pre-owned car dealership located in the affluent west suburban town of St. Charles, IL. Prestige Imports has been offering quality pre-owned vehicles and exceptional service for 15 years and has the only property zoned for used car sales within the city limits of St. Charles. Located on super busy Randall Road, and just north of Route 64 (North Ave), there is exceptional exposure of over 35,000 cars per day. Adjacent neighbors to the south include Mercedes Benz of St Charles, and a new state of the art Audi Dealer to break ground soon. Other notable businesses in the corridor include XSport, Costco, Harley Davidson, Pep Boys, Firestone, and Discount Tire.

Prestige Imports has earned an excellent reputation over the years and has sold thousands of cars to customers locally and from all over the country. We have excellent, long-term employees, who will most likely want to remain with the business if desired by new ownership.

Hundreds of thousands of dollars and countless hours have been invested over the years to set up and expand the business to what it is today. Service shop (6 total lifts) / wash bay / detail center was completely built out in last 10 years and lot has been expanded several times to accommodate inventory growth. All shop equipment, office furniture and equipment, fixtures, signage, LED pole lights, etc are included in the sale price.

Paved lot has capacity to house roughly 120 cars and additional fenced gravel lot in back of property can house roughly 20-40 more vehicles waiting for detail/service etc. Sales office has 3 sales desks and a private office. There is a service reception area with separate exterior entrance adjacent to the service shop. Upstairs there is a large office suite that can house 3-5 cubicles and has a private office and full bathroom and kitchenette.

Existing inventory is not included in sales price and can be negotiated if new owner desires, otherwise all vehicles will be sold by existing owner.

Anyone serious about getting in the car business or expanding their existing business must take a look at all that is offered with this opportunity. The chance to have high-end franchise stores as your neighbor and be on Randall road will not last long. Serious inquires only and current owner will be happy to set up private showings outside of business hours.

PLEASE DO NOT DROP IN OR CALL THE STORE ASKING FOR INFORMATION - ALL INQUIRIES MUST GO THROUGH THE OWNER VIA EMAIL OR HIS CELL NUMBER - THANK YOU!

Detailed Information

Location:
Saint Charles, IL
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
5,800
Lease Expiration:
N/A
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Property is owned by business owner and new long-term lease will be set up for new owner. Current rent is $11,000/month and includes all utilities, taxes, cam, etc. Leased space includes lot, fenced gravel area, sales office, service reception, storage rooms, and large upstairs office suite. Lease can be negotiated based on total space desired by new owner.
Support & Training:
Negotiable - current owner willing to transition and train as little or as long as needed. Owner has over 20 years of auction buying experience and contacts at all major auction houses. Established relationships exist with banks for indirect lending, advertisers, parts vendors, and vehicle flooring company.
Reason for Selling:
Owner moved to AZ and has commuted for 3 yrs, looking to be there full time.
Business Website:
http://www.myprestigeimports.com
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Business Listed By:
ERIC CHOCK

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