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High Volume Service/Gas Station in Great Section of Virginia Beach

Virginia Beach City County, VA

Seller Financing Available
High Volume Service/Gas Station in Great Section of Virginia Beach

Asking Price:$1,700,000

Cash Flow:$485,859

Gross Revenue:$2,070,066

EBITDA:N/A

FF&E:$387,000

Inventory:$43,377*

Lease Rate:N/A /SF

Established:1993

*not included in asking price.

High Volume Service/Gas Station in Great Section of Virginia Beach

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Business Description

Established Auto Repair and Gas Facility! Lender pre-qualified! This well established seven-bay auto center offers total car care including brakes, oil changes, custom exhaust, scheduled maintenance, tires, steering and suspension services. This service station includes gas and has an excellent location. A profitable operation fully equipped with the latest in diagnostic equipment, lifts and all of the standard repair equipment including alignment, flush systems and heavy duty service capabilities. Stocked inventory for all standard services, complemented with experienced and loyal employees and located in a desirable area in Hampton Roads. Included in the business purchase is their customer data base made up of over 1000 past and present customers. Sales for the past three years have consistently hovered in the $2.0M mark annually generating roughly $500,000 in cash flow. The property is owned by the sellers and they will set the lease price at comparable rates in the industry.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
3 FT/15 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
Potential for growth.
Financing:
Lender pre-screened with $650K down
Support & Training:
Will train for 2 weeks @ no cost.
Reason for Selling:
Other Business Interests.

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Frank Chebalo, CBI, ABI, CMSBB, CBC

Business Listed By:
Frank Chebalo

Murphy Business & Financial Corporation

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Sponsoring Broker:
Murphy Business

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