Imotobank Dealership

With $15M in sales in 2023, we’re a profitable pioneer in online car sales, launching on eBay in 2001—years ahead of competitors. Today, we lead the industry by leveraging technology to be efficient, transparent, and make the buying process painless for our customers.

Print
Claim My Business
Security Type
Membership Units
Min Investment
$100
Offering Date
January 21, 2025
Expected Close Date
March 29, 2025
Target Raise
$1.24M
Valuation
$15,000,000
Website
imotobank.com

Company Description

We are redefining what car buying and service should feel like—responsive, transparent, and efficient.Unlike traditional dealerships, we act with urgency, offering clients live, expert consultations instead of impersonal bots or static websites. Clients trust us for our knowledge and ability to deliver exceptional outcomes by negotiating hard within the supply chain while maintaining low overhead to offer great value to our customers. Our streamlined approach not only maximizes productivity during our limited business hours but also fosters a healthier work-life balance for our team. This flexibility enables us to attract top talent, outpacing competitors who operate on outdated, exhaustive schedules. As we scale, we are transforming the industry through vertical integration. From owning finance, warranty, and technology portfolios to establishing a national footprint, our strategy brings together independent dealers and sales staff under one unified, innovative brand.By adapting technology, selling cars, fulfilling orders, and leveraging fintech services, we are positioning ourselves to lead the future of automotive sales and service.

Management Team / Advisory Board Bios

Our teammates all believe in our company philosophy which is that we need to be better, more efficient, and truly care about every one of our customers.Our goal is never to just sell a vehicle, but to have long term relationships with our customers. If we do our job well, our customers will naturally tell friends, family, and coworkers about Imotobank – and we have seen that happen thousands of times over the past few years.


The ManagementJordan Boulis

Sales Manager


Jordan is an expert in giving his clients the best service and really taking care of them. He is an avid volleyball and soccer player in his spare time!





Thomas Hoermann

CFO
Thomas is the newest executive at Imotobank, having supported the team at Imotobank since January 2022. He has an MBA with a major in financial management and cost accounting.






Phillip Ibrahim

CEO / COO


Phillip founded Imotobank in 2001 with the mission of merging his experience in the car business with his idea that buying a car should not be a struggle, but a collaborative effort between dealer and car buyer. Since that day he has sold over 5000 vehicles to over 4000 customers. Many of whom have continued that relationship for over 15 years.





Rami Selim

CTO
Rami joined Imotobank with the goal of transforming its technology and marketing so that many more car buyers could realize the benefits of working with Imotobank. A graduate of Boston College with a Masters in Engineering from UMass Lowell, he has 10+ years of experience in marketing and technology consulting and implementation.






Sales Team & Service ManagementNancy Beshara

Operations Manager


Nancy has more than 18 years of operations and planning experience in supply chain management. She managed sales teams and oversaw independent companies and tuned them for operational efficiency. She’s determined and conscientious. Her experience allows Imotobank to continuously improve its efficiency.





Amir Ghobrial

Sales Representative


Amir is a UMass Boston alumnus who loves to travel. He’s the friendliest salesperson you’ll ever meet!






Joel Cappuccino

Service Manager


Joel ran a service shop that underwent mechanical work, auto body work, and detailing for 11 years. Not only is he extremely knowledgeable and experienced in all things automotive, but he has a great sense of humor and his customers love him.





George Habib

Service Manager


George, one of the earliest members of Imotobank, is a vehicle service specialist. Making sure all the cars go through our rigorous inspection process and pass with flying colors, he leaves no stone unturned.
Amount Raised : $132,350
Reveal the Score by Voting
_
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

Membership Units represent ownership rights in a Limited Liability Company, indicated by the right to receive cash or unit distributions, declared by the Manager(s) of the LLC, and having voting rights in the governance of the Company.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments