EV Micro-Car & Golf Cart Dealer—Virginia Beach Oceanfront; $16M+ Sales
Business Description
Rare chance to step into a franchise-backed dealership offering the hottest street-legal mini-EV and luxury golf-cart brands—Moke America, Vanderhall, Kandi, Icon, Epic, Oreion, and more—in the heart of Virginia Beach’s tourist and military market. Open since 1999 and recently relocated to a sleek 6,200 SF showroom minutes from the Oceanfront, the business posted $16 MM+ in combined retail and wholesale sales (cars, carts, and parts) with $30K+ monthly cart-rental income during peak season.
* Asking Price: $3.5 MM (includes $200K FF&E; inventory ~$1.4 MM negotiable)
* Lease: $9,500/mo, runs to 12/27/2030 with renewal options—below-market for the corridor
* Staff: Five experienced employees; owner offers up to six months’ training for a seamless hand-off
* Financing: Cash or conventional only—no SBA. Do NOT contact the store; NDA & proof of funds required.
* Asking Price: $3.5 MM (includes $200K FF&E; inventory ~$1.4 MM negotiable)
* Lease: $9,500/mo, runs to 12/27/2030 with renewal options—below-market for the corridor
* Staff: Five experienced employees; owner offers up to six months’ training for a seamless hand-off
* Financing: Cash or conventional only—no SBA. Do NOT contact the store; NDA & proof of funds required.
About the Business
- Years in Operation
- 26
- Employees
- 5
- Facilities & Assets
- 12/27/2030
- Market Outlook / Competition
- Virginia Beach draws 19 MM+ annual visitors and boasts one of the nation’s largest military populations—both perfect demographics for fun, budget-friendly coastal transportation. Municipalities are steadily widening low-speed vehicle zones, while resort HOAs encourage cart ownership for “last-mile” mobility. With virtually no direct competitors offering this portfolio of street-legal micro-EVs, the dealership holds a first-mover advantage in a market projected to triple U.S. LSV sales by 2030. Coastal expansion into the Outer Banks adds a built-in rental
- Opportunities for Growth
- * Add satellite depots in Outer Banks and Chesapeake to amplify the lucrative cart-rental program
* Leverage fast-growing demand for electric low-speed vehicles in master-planned beach communities
* Expand e-commerce parts & accessories store; current online sales are untapped
* Introduce subscription or club memberships for recurring local revenue
* Secure additional OEM lines—EV scooters, e-bikes, or autonomous shuttles—to widen product mix
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 6,200
- Rent
- $9,500.00 per month
- Lease Expiration
- 12/27/2030
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Seller to provide 6 months of training and support.
Listing Info
- ID
- 2388121
- Listing Views
- 294
Listing ID: 2388121 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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