80908-RF Auto Service, Repair and Vehicle Rental in Richmond VA

Richmond, VA (Henrico County)

Seller Financing Available
80908-RF Auto Service, Repair and Vehicle Rental in Richmond VA

Asking Price:$175,000

Cash Flow:N/A

Gross Revenue:$374,804

EBITDA:N/A

FF&E:$50,000

Inventory:$3,000*

Lease Rate:N/A /SF

Established:2014

*not included in asking price.

80908-RF Auto Service, Repair and Vehicle Rental in Richmond VA

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Business Description

The shop has 3 service bays, office area and basement storage area. Clean service area with new diagnostic and repair equipment. Recently added lift for certification to conduct Virginia State automobile inspectionsIns. Well maintained building with new gas supported heating system. Excellent location with plenty of parking. Owner has commercial contracts with local businesses and strong consumer business.
Acquired recreational vehicle rental business in 2016 that generates significant sales and cash flow with minimal overhead and operating expenses. Weekly repair work on RVs provides incremental sales and profit to shop income statement.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,500
Lease Expiration:
N/A
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Business established about 3 years ago by experienced auto repair operator that successfully ran and sold a similar shop in the the area.
Competition:
A few service shops located within several miles but none with the clientele or location of this operation. Secondly, many of the competing operations are located in a neighborhood undergoing a transition to higher end real estate usage so competition is selling out or relocating.
Growth & Expansion:
Advertise and promote auto service and RV business. Pursue additional commercial business. Owner has option to open another RV rental location.
Financing:
45000.00
Support & Training:
3 weeks
Reason for Selling:
retiring

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Russell Fergusson

Business Listed By:
Russell Fergusson

Transworld Business Advisors of Richmond VA

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Sponsoring Broker:
Transworld Business Advisors CEO, Rupesh Bharad

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