Business For Sale

Auto Repair Shop in Newport News - Absentee Owned

Newport News, VA
Newport News City County


Asking Price: Annual Revenue:
$1,800,000 $1,700,000

Automotive & Boats: Auto & Truck Repair & Service


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RE: Auto Repair Shop in Newport News - Absentee Owned Broker: Gavin Raphael
Owner Financing is Available!

Quick Facts

Asking Price: $1,800,000
Annual Revenue: $1,700,000
Net Profit: $500,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 5
BBN Listing #: 434748609
Broker Reference #: Not Disclosed

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Business Overview:

Light & Raphael is pleased to offer for sale an auto repair business in the Newport News area. This full service automotive repair and service station has built a solid reputation in the community for being efficient and reliable. The owners set a standard day one and have adhered to a simple concept of providing great customer service at a reasonable price, high quality products, superior workmanship and attention to detail. A winning formula. In addition, a full time Manager on staff oversees the day to day operation and 4 full-time employees support the operation. This complement of employees has allowed the Owners to focus their energy elsewhere. Real estate is also available for purchase, if desired.

The company does little advertising. The firm would benefit from a multi-faceted marketing campaign.

It is anticipated that the staff will remain with the business after closing.

SBA financing possible for a qualified buyer.

Sellers will provide support and training following the sale.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Property may also be purchased from the owners. Real estate is assessed at nearly $1 million. Building is over 15,000 square feet.

Market Competition and Expansion:

Today’s consumers are keeping their vehicles longer and are more aware of the importance of preventive maintenance and scheduled servicing to maximize the lifetime value of their vehicles. This rising demand for aftermarket parts and services is spurring new growth and revenue opportunities for a wide range of businesses operating in the automotive aftermarket industry.

Reason for Selling:

Owners wish to retire.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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