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Used Car Dealership
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Form:Sale established business
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Activity:Running
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Area:208 sq m
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Employees:2 to 10
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Type:Intermediary
US143255
Relevance check: 12.03.2024
Business description
Established for 8 Years on the Busy Virginia Beach BLVD
Owner relocating overseas and needs to sell as soon as possible. It's a stable lucrative dealership that has been open for over 8 years bringing consistent and stable revenue plus, there are many repeat customers. It is in a prime location just a few stop lights from Virginia Beach City Center on a corner road at a traffic light on one of the busiest roads (Virginia Beach Blvd) surrounded by big franchise dealers.
Really, the asking price is very low when compared to the profits it generates. Come see for yourself before paying any money or making a commitment you'll be impressed.
The lot fits between 70-80 vehicles. We also have a repair shop with 3 mechanics, a detail shop, secretary, sales team, and a lot attendant. With 9 employees, there is a full team performing well and providing superior customer service.
The Dealership generates over $3 million in revenue per year. This is a great opportunity for the price considering the profits. It has taken 8 years to build this business. It's an established branded company with a lot of repeat business every month. You will be able to make money right away.
Checkout all the business details:
how much we pay for vehicles,
how much we sell them for and
how much profit each generates.
I am very confident you will be impressed especially when you see the profits.
I prefer a partnership if you qualify because I would love to keep the business I have built for 8 years which continues to generate solid cash flow for me every month. If I find the right person. Otherwise, I'm open to selling the whole thing. I can provide training if needed based on the agreement we have.
I'm selling my business because I moved overseas 1 year ago and I'm establishing a business there. I've tried hard the past year to keep both businesses by traveling for the last year every 2 months back & forth and it has become very difficult on me. I've tried to have an honest person to run my business here, but I've had no luck it is very hard finding a good honest person that cares about my business the way I do so I've come to the conclusion first to find a good honest qualified partner or sell it.
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Units:Operating business, Staff, Tangible assets, Training and support
Geography and location
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City:
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Exact address:
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Website:
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Location characteristics:
- Close to the highway
- Bottleneck location
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The Dealership is in a prime location a few stop lights from Virginia Beach City Center on a corner road at a traffic light on one of the busiest roads (Virginia Beach Blvd) surrounded by big franchise dealers: Honda, Buick, Toyota, Cadillac, Subaru, and Chevy. We are one of the only Dealerships of our kind in the area. None of our business is "Buy Here Pay Here" we are "Cash Only" yet we outperform many of the Dealerships in the area.
Transaction terms
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Price:US$ 500 000
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Timeframe for the deal:Urgent
Corporate issues
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Number of owners:1
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Reason for selling:Relocation
Staff
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Number of employees:2 to 10
Training and support
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Help and support that seller is ready to provide:
- Financial advice and assistance
- Organisational assistance
- Training and consultations
Additional information
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Business growth potential:By leveraging additional marketing channels and retaining the team that has made the dealership so successful there is plenty of opportunity to improve overall sales and generate additional business.
Seller's contacts
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Type:Intermediary
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Phone:
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Website:
Seller's contacts
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Type:Intermediary
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Phone:
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Website:
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