Profitable Auto Service Center and Gas Station in Virginia Beach

Virginia Beach, VA (Virginia Beach City County)

Profitable Auto Service Center and Gas Station in Virginia Beach
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Asking Price: $1,167,500

Cash Flow: $411,000

Gross Revenue: $2,222,000

EBITDA: $313,000

FF&E: $221,450

Inventory: $44,000*

Real Estate: $1,400,000*

Established: 1992

*not included in asking price.

Profitable Auto Service Center and Gas Station in Virginia Beach

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Business Description

This community auto service center (repair, tires and accessories) and gas station is located in the Virginia Beach area. It has been continually profitable since its inception in the early 1990's. It has grown to more than a 1/2 dozen bays and lifts and a staff of approximately seven employees, including mechanics and state inspectors. The Company enjoys a great reputation and loyal customer base and reports continual increase in revenues for the past three years.

Detailed Information

Location:
Virginia Beach, VA
Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
3,400
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Excellent facility in high quality location.
Competition:
Auto service and repair is a mature industry, so individuals have plenty of options on where they take their cars. However, this Company's location makes them a convenient choice for many.
Growth & Expansion:
A new owner's focus on advertising would surely result in increase in business.
Support & Training:
Owners are willing to provide a reasonable transition training period.
Reason for Selling:
Retirement.
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Janet Hammond

Business Listed By:
Janet Hammond

MidAtlantic Business Advisors

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Sponsoring Broker:
Ron Rash

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