Hot Listing

Successful Car Dealer in Chester

Asking Price$449,000

Cash Flow
$289,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,400,000

InventoryNot Disclosed

FF&ENot Disclosed

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Hot Listing

Successful Car Dealer in Chester


Asking Price$449,000

Cash Flow
$289,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,400,000

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
Well Established, Scalable, Very Profitable, Growth Opportunities!
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.
About the Business
Facilities & Assets
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 Outlook / 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.
Opportunities for Growth
With enhanced marketing and promotions along with in house financing, sales could grow substantially.
Real Estate
Owned or Leased
Leased
Rent
$3,560.00 per month
Lease Expiration
3/31/2027
About the Sale
Seller Motivation
Owner retiring after 21 years of continuous operation in the same location
Transition Support
Number of Weeks Seller Will Offer Training: 6
Listing Info
ID
2247593
Listing Views
3202

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Business Listed by: Blair Grossman Transworld Business Advisors - RVA

Listing ID: 2247593 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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