Bob Loquercio is an experienced businessman and entrepreneur in the auto sector. Toyota, Honda, Hyundai, and more manufacturers are part of his franchise network. This page concisely covers every element of Bob Loquercio net worth, monthly income, and other financial statistics.
Introduction
Bob Loquercio is most known for owning and managing the Bob Loquercio Auto Group, a profitable chain of vehicle dealerships in the Chicago region.
Bob Loquercio got his start in the automobile industry by rising through the ranks of several dealership positions and developing a thorough grasp of the sector.
In addition to his economic successes, Loquercio is well-known for his charity work and community participation. The Bob Loquercio Auto Group has expanded into one of the Chicago area’s biggest under his direction.
Estimating the Erealist Net Worth
As of 2024, Bob Loquercio net worth is estimated to be $5-8 million. We took this figure after carefully analyzing his revenue streams and doing extensive research. and can differ significantly from the original one.
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Financial Information about Bob Loquercio Net Worth
As networthcolumn.com says, “Bob Loquercio presently has a net worth of roughly $7 million.”
According to worthyceleb.com, “Bob Loquercio’s commitment to charity and community service has played a major role in his career.”
As Hireology reports, “The Bob Loquercio Auto Group now employs around 700 people across four markets.”
Sources of Income
Below list shows the primary income sources of Bob Loquercio. These elements mostly contribute to his total net worth.
Bob Loquercio Auto Group
The Bob Loquercio Auto Group is a well-known chain of auto dealerships in the Chicago region. Brands include
- Toyota
- Genesis
- Honda
- Hyundai
After deducting all expenses, net earnings for a profitable major dealership group such as Bob Loquercio’s might range from 2 to 5% of total revenue.
Service and Maintenance Departments
For car dealerships, the service and maintenance departments are essential revenue streams. When opposed to car sales, they frequently provide larger profit margins since they offer reliable, ongoing income streams. It includes
- Routine Maintenance
- Parts Sales
- Repairs
- Installations
Many automobile dealerships rely on their service and maintenance departments for constant, high-margin income, which helps to maintain the firm, especially when car sales vary.
Real Estate
Real estate is an important source of revenue as well as a critical operational asset for the car dealership industry. Estimating real estate revenues for a dealership group like Bob Loquercio’s requires evaluating the worth of the properties they hold and the rental income possibilities.
An estimated $2.0 million to $3.5 million in real estate gain, rental revenue, and expense savings can be gained each year.
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Other Income Sources
Additional sources of income that don’t constitute the main source of income and only slightly impact net worth are as follows.
- Financing and Insurance
- Service and Maintenance Departments
- Sale-Leaseback Transactions
- Real Estate
- Leasing Income
- Automotive Dealership Sales
These sources offer additional income, but they don’t make a big difference in terms of long-term wealth growth or overall financial situation.
Bob Loquercio Wife
Bob Loquercio is married to Veronica Zepeda-Loquercio. She are renowned for their charitable and community dedication. There is no more information present about Bob Loquercio wife on various public platforms.
Bob Loquercio Daughter
According to Cumberland Chapels, Bob Loquercio’s daughter’s name is Ashley Loquercio Rojnica. She passed away in June 2022. Her son’s name is Sebastian Oliver Rojnica, which is 4 years old.
Family & Biography
| Full Name | Bob Loquercio |
|---|---|
| Spouse | Veronica Zepeda-Loquercio |
| Children | [Details not available] |
| Career & Profession | Founder of Bob Loquercio Auto Group |
| Age | 68 years old |
| Net Worth | $5-8 million |
In Short
Bob Loquercio, a renowned businessman and entrepreneur in the auto sector, is known for his ownership of the Bob Loquercio Auto Group, a profitable chain of vehicle dealerships in the Chicago region. As of 2024, his net worth is estimated to be $5-8 million, with a focus on charity work and community participation.
The Bob Loquercio Auto Group employs around 700 people across four markets. Other income sources include service and maintenance departments, real estate, financing and insurance, and real estate.
FAQS
Who is Bob Loquercio?
Bob Loquercio is an experienced businessman and entrepreneur in the auto sector. Toyota, Honda, Hyundai, and more manufacturers are part of his franchise network.
What are the primary sources of income for Bob Loquercio?
Below list shows the primary income sources of Bob Loquercio.
- Automotive dealership sales
- Financing and insurance (F&I)
- Service and maintenance departments
- Leasing income
- Real estate (property appreciation, rental income, and sale-leaseback transactions)
Who is Bob Loquercio Wife?
Bob Loquercio is married to Veronica Zepeda-Loquercio. She are renowned for their charitable and community dedication.
Who is Bob Loquercio daughter?
According to Cumberland Chapels, Bob Loquercio’s daughter’s name is Ashley Loquercio Rojnica.
What is the estimated net worth of Bob Loquercio?
As of 2024, Bob Loquercio net worth is estimated to be $5-8 million.
How old is Bob Loquercio?
As of 2024, Bob Loquercio is 68 years old.
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Disclaimer
The figures and information in this article are based on publicly available platforms and estimations and may fluctuate greatly from the original value.
Bob Loquercio’s net worth, income, and assets are derived from financial information and various media reports.
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