Auto Repair Business for Sale in Newport News

Asking Price$3,400,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,900,000

InventoryNot Disclosed

FF&E$200,000
Included in asking price
Real Estate$1,600,000
Included in asking price
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Auto Repair Business for Sale in Newport News


Asking Price$3,400,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,900,000

InventoryNot Disclosed

FF&E$200,000
Included in asking price
Real Estate$1,600,000
Included in asking price

Seller Financing Available
Business Description
Great Opportunity with Real Estate!
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.
About the Business
Employees
5 Full-time
Facilities & Assets
The building is 18,000 square feet, it is located on 1.5 acres of land. There is a total of 17 bays.
Market Outlook / Competition
The U.S. automotive repair and maintenance industry is a large, mature, and highly fragmented market that plays a critical role in keeping more than 285 million registered vehicles on the road. Growth is driven by an aging vehicle fleet, increasing vehicle complexity, and the continued need for maintenance and repair despite improvements in vehicle reliability.
Opportunities for Growth
Opportunities for growth include:
More fleet business
Diesel work as the competition is not reputable
Tire Business
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
18,000
About the Sale
Seller Motivation
Owner wishes to retire
Transition Support
Seller will provide support and training following the sale.
Listing Info
ID
2532162
Listing Views

Listing ID: 2532162 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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