Cb Auto Group Inc.

Cb Auto Group Inc.

The only concierge car-buying service exclusively for labor union members.

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Security Type
Preferred Stock
Categories
Other
Min Investment
$25
Location
Roswell, GA
Offering Date
May 07, 2019
Expected Close Date
September 05, 2019
Target Raise
$250.00K
Deal Notes

$25.00 per share

Valuation
$22,500,000

Company Description

The Union Auto Program is a secure and safe member benefit endorsed by the AFL-CIO, providing a hassle-free car buying service for 42 million labor union members and their families. We transparently connect the union member with a car and a dealer; allowing Union members to enjoy a fully-automated experience, or a fully hands-on, concierge experience from dedicated Member Advocates who make the connections and talk through the process, providing peace of mind.

Key Deal Facts

Currently operating in 14 Southern states.
Market size: 30% of all vehicles are purchased by labor union members.
17M total labor union members in USA.
Union Auto Program is the ONLY car buying service created specifically for labor union members offering FREE "peace of mind" benefits.
Labor unions are promoting our program and free benefits directly to their members across the country.
We’re offering attractive investment terms solely during our equity crowdfunding campaign here on Wefunder.
Lead Investor: John A. Perez invested $2,575,000

Use of Proceeds

Intermediary Fee: 7.5%

Business Development: 65%

Expand Dealer Network: 27.5%

Management Team / Advisory Board Bios

John A Perez
CEO & Chairman
Owned 2 new car dealerships for 16 years and CEO of an international car company for 14 years.

Ann Durham
President

Gretel Camacho
CFO

Deal Notes

$25.00 per share

Amount Raised : $0
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Security Description

Preferred securities are a type of investment that generally offers some sort of preferred treatment through a dividend or preferred treatment in a liquidation.

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