90138-BK Profitable Used Car Business in Northern VA!

Manassas, VA (Manassas City County)

90138-BK Profitable Used Car Business in Northern VA!
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Asking Price: Get Financing: $99,000

Cash Flow: $180,000

Gross Revenue: $2,000,000

EBITDA: N/A

FF&E: $25,000

Inventory: $120,000*

Lease Rate: $4,700 /Month

Established: 2007

*not included in asking price.

90138-BK Profitable Used Car Business in Northern VA!

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Business Description

Profitable used car business located in BOOMING Northern VA area. Specializes in cars under $15,000. Purchase includes detail shop and furnished office. Owner willing to finance current car inventory for qualified buyer. Owner will train for up to 30-days after sale if required. Current showroom and lot has room for 25 cars, landlord will include another 5000sqft indoor space for additional $1,800 per month, which could hold an additional 50 cars.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
N/A
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Profitable used car business located in BOOMING Northern VA area. Specializes in cars under $15,000. Purchase includes detail shop and furnished office. Owner willing to finance current car inventory for qualified buyer. Owner will train for up to 30-days after sale if required. Current showroom and lot has room for 25 cars, landlord will include another 5000sqft indoor space for additional $1,800 per month, which could hold an additional 50 cars. Asking Price $175,000 Total Sales $2,000,000 Cost of Goods Sold $1,500,000 Total Expenses $320,000 Net Income $180,000
Competition:
Business is located in Auto Mall with 7 other used car businesses. This brings a steady stream of buyers. Many other car lots withing 5 mile radius means robust market! This business
Growth & Expansion:
Business is currently selling 15-25 cars per month with an average inventory of 25 cars. By taking the option for an additional 5000 sqft of indoor inventory, business can be grown.
Support & Training:
2 weeks
Reason for Selling:
other interests
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Contact the Seller

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Bill Kelly

Business Listed By:
Bill Kelly

Transworld Business Advisors of Richmond VA

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Sponsoring Broker:
Transworld Business Advisors CEO, Rupesh Bharad


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