Successful Car Dealer In Chester

Business Overview:

This is your opportunity to get into the car business with this reputable dealership that boasts almost $1.5 Million in annual sales. Same owner and location for 21-years. Located in Chester, VA, they offer a diverse selection of quality pre-owned vehicles at competitive prices. Owner willing to assist buyer in obtaining a Dealer's License in less than 30-days making this the perfect opportunity for someone wanting to enter this lucrative profession.

In the last two years the interest income alone would have been $800K had the owner held the notes. There is huge earning potential if the new owner kept some or all of the financing in-house.

NIADA and VIADA membership in good standing since 2007 with 4 industry awards! The business boasts a 40% repeat customer business and serving three generations of customers. Excellent lease on a lot with room for 50 cars.

Experienced lot manager and salesman is willing to stay with business, making semi-absentee ownership possible.
Seller will introduce buyer to exclusive car supplier relationship.

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Property Features and Assets:

Monthly Rent: $3,560.00

Lease Expiration Date: March 31, 2027, 12:00:00 AM

Facilities: Free Standing office and storage building, clean paved lot with customer parking.

FF&E Overview: Small office furniture, signage, computers, car detailing tools.

FF&E General Condition: Good

Market Competition and Expansion:

Competition: Several used car lots in the area which attract numerous buyers, however, few have the wide selection of high-quality cars, offered at competitive prices from a business that has been in business for 21 years.

Expansion: With enhanced marketing and promotions along with in house financing, sales could grow substantially.

Reason for Selling:

Owner retiring after 21 years of continuous operation in the same location. Kindly ask the seller for more information.

Additional Details:

Relevant Links:

• View more Virginia businesses for sale
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