Established Car Dealership, St. Louis Suburb
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Asking Price
$1,099,999
Detailed Information
Madison County, IL
Business Description
This established 17-year-old used car dealership in a busy St. Louis suburb has a strong reputation, with solid financial performance and consistent annual Seller's Discretionary Earnings (SDE) around $300,000. Recent data shows a significant uptrend in revenue and profitability, with a projected SDE exceeding $700,000 due to increased availability of used cars at reduced prices. The business, which includes valuable real estate featuring a renovated office building, service garage, and solar power system, has a dedicated team of long-term employees and presents opportunities for further growth. The dealership is led by experienced managers and a committed sales/service team with years of tenure. The current owner, who is looking to retire, works approximately 30-40 hours per week. The business also offers a sizeable inventory of vehicles available for purchase separately at an additional cost, along with a rapidly growing service operation. Further expansion potential exists through the addition of sales staff and considering new service locations. To inquire for more
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Listed By:
Name : Charlie Scarlett
Phone Number : Show Phone number
Charlie Scarlett typically replies in about 7 minutes