Automotive Sales and Service in Great location

Listing Number: 9525-541180

Description

This successful business is located near the Richmond airport on a busy highway. The auto sales lot has approximately 50 parking slots and a sales office. The auto repair side of the business has four indoor repair bays, and a service desk with parts storage. There is plenty of room for additional storage and growth.

The used auto inventory is acquired at local car auctions customer trade-ins, and direct buys from the public. The business ensures customers have a steady rotation of vehicles across various makes, models, price points, and mileage ranges. Repair work comes from car sales prep and the general public. Parts are delivered daily as required from local venders.

Due to family issues, the Seller is relocating out of state but is willing to stay for up to 60 days to ensure a smooth transition. Some key employees will stay with the business, however, this is modeled to be an Owner/Operator business.

Listing Details

• Price: $225,000
• Down Payment: $225,000
• Sellers Discretionary Earnings: $68,649
• Total Sales: $525,400
• Location: Richmond City, Virginia


• Inventory: $0
• FF&E: $30,000
• Employees: 3
• Year Established: 2020
• Reason for Selling: Retiring
• Category: Automotive