$745,000

Foreign & Domestic Automobile Sales and Service!

Virginia/Virginia Beach
Financials
  • Price: $745,000
  • Gross Income: $700,000
  • Cash Flow: $92,500
  • FFE: $45,000
  • Inventory: $0
  • Real Estate Value: $450,000
  • Source Data:
About the Business
  • Listing ID: #1554
  • Year Established: 1985
  • Financing:
  • Training:
  • Facilities:
  • Competition:
  • Growth:
  • Employees:

Property Descriptions

Foreign & Domestic Automobile Sales and Service! In operation over 30 years, this centrally located repair facility focuses on import vehicles and is supported by a knowledgeable and talented technician base. In addition, the business holds a dealer license and has been doing auto sales coupled with service from its inception. The property has direct exposure on a major thoroughfare with 75 feet frontage. The repair facility on the property houses office space and six repair bays measuring 2650 square feet. The facility has been certified by Bosch following a rigorous certification process, based on technical skill, customer service, facility design, and appearance. And as a Bosch Service Center, the repair operation is able to feature and acquire the best replacement parts from Bosch, the largest original-equipment parts manufacturer in the world. The proud owner of this facility has been in the automobile business his entire life. Looking long term and in planning for retirement the owner has decided to relocate, and thus the desire to sell. To some extent its a little bitter sweet as this operation comprises the majority of his life’s work professionally. However, because of the intricacies of this business model, he is willing to smoothly transition a buyer and provide an ample period of training. In addition, this opportunity has a number of options for purchase. A buyer can purchase the business offered at $295,000, and lease the property for $5,500 per month. The lease agreement can contain the option to purchase or renew, or both. Or a buyer can offer to purchase the property as part of the overall purchase of the business. The property is offered at $450,000. For more information call Frank Chebalo, Advanced Business Brokerage, at 757-478-8346, or email at: frank@advancedbusinessbrokerage.com

The information in this listing has been provided by the business seller or representative stated above. The Business Broker Journal has no stake in the sale of this business, has not verified the accuracy, completeness, and assumes no responsibility for this advertisement. Read our Terms and Conditions for more information.

Business Listed By

Frank Chebalo, CBI, ABI, CMSBB, CBC 4445 Corporation Lane, Virginia, Virginia Beach