44899-JF Auto Repair, Branded Gas + C Store, Henrico, $160,000

Henrico, VA (Henrico County)

44899-JF Auto Repair, Branded Gas + C Store, Henrico, $160,000

Asking Price:$160,000

Cash Flow:$145,000

Gross Revenue:$600,000

EBITDA:N/A

FF&E:$80,000

Inventory:$28,000*

Established:N/A

*not included in asking price.

44899-JF Auto Repair, Branded Gas + C Store, Henrico, $160,000

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Business Description

Business 1: This repair facility was established in 1981 and purchased by the current owner in 2010. The business performs general auto repair and maintenance tasks and has developed a great local following. The facility is approximately 4,300 square feet, 4 bays with lifts. There is generous parking and outdoor space. This is a great location surrounded by great residential neighborhoods.

Business 2: This facility included a branded gas station with 8 pumps and 2400 square foot convenience store. Within the store, there is 750 square foot deli with kitchen, hood, grill not currently being used.

The total rent for the facility is $8,000/month.

You can run one business and lease out another business.

Detailed Information

Inventory:
Not included in asking price
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This is a corner location on busy area thoroughfare with easy access on two sides. There are 4 bays, 4 lifts as well as tire changing equipment with good parking. This is a great corner location with $25,000 of FF&E, $2,000 of Leasehold improvements. The auto repair shop has about $300,000 annual sales. The convenience store has about $300,000 annual sales with great growth potential by expanding hours and utilizing deli.
Competition:
This is a well-established and profitable auto repair facility located in the heart of a great residential area with wonderful growth potential. The gas station and convenience store have great visibility and easy in and out for commuters traveling to and from work.
Growth & Expansion:
Historically customers have been attracted by location and word of mouth. They have been retained by the quality of service. There is great room for growth. The business could be grown with the implementation of an effective marketing program, improved signage, expanded hours of operation and additional employees. This is a prime corner location in Henrico County on busy major road with easy access to interstates. The auto repair shop has about $300,000 annual sales. The convenience store currently has sales of $300,000 a year with huge growth potential. It is currently open limited hours and has fully equipped deli area that is not currently being used.
Support & Training:
4 weeks
Reason for Selling:
health

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Transworld Business Advisors CEO, Rupesh Bharad

Business Listed By:
Transworld Business Advisors CEO, Rupesh Bharad

Transworld Business Advisors of Richmond VA

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