NEWPORT NEWS, Virginia
| Asking Price |
$3,400,000 |
Year Established |
|
|
| Annual Revenue |
$1,900,000 |
Reason for Selling |
Owner wishes to retire |
|
| Annual P/L |
$625,000 |
Attention |
Gavin Raphael |
|
| Annual Cash Flow |
$0 |
Listing Number |
1014211 |
|
| # of Employees |
6 |
Business Category |
Automotive & Boats: Auto & Truck Repair & Service |
|
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 daily operation and five full-time employees support the operation. Real estate is included in the asking price.
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.
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.
Property Features and Assets:
<p>The building is 18,000 square feet, it is located on 1.5 acres of land. There is a total of 17 bays. Property is assessed at $1.6 million. <br></p>
Market Competition and Expansion:
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity