Auto Repair Business in Newport News - Absentee Owned

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Asking Price:
$1,800,000

Gross Revenue:
$1,700,000
Cash Flow:
$500,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$25,000
included in asking price

Real Estate:
$1,000,000
not included in asking price

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Business Description

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 day to day operation and 4 full-time employees support the operation. This complement of employees has allowed the Owners to focus their energy elsewhere. Real estate is also available for purchase, if desired.

About the Business

Year Established:
2000
Number of Employees:
5
Real Estate:
Owned
Building Sq. Ft.:
20,000
Facilities:
Real estate is also avaialble for sale.
Market Outlook/
Competition:
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.
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About the Sale

Reason For Selling:
Owners wish to retire.
Training/Support:
Sellers will provide support and training following the sale.

Listing Info

ID:
1458803
Ad Detail Views:
572

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Business Listed by

Gavin Raphael

Light & Raphael

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U.S. Census Data for Hampton city and Newport News city Counties, VA
Age

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Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Hampton city and Newport News city Counties, VA
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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