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Car Care Center of Hampton Roads

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Virginia Beach city Co., VA   |  Businesses for Sale Between $150k and $250k

Asking Price:
$249,500

Gross Revenue:
$498,016
Cash Flow:
$74,197
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$22,000
not included in asking price

FF&E:
$30,000
included in asking price

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Business Description

Franchise Based Car Care Center. Operating 30 years in total, the current owner has operated the business for the last 12 years in a spectacular location in Hampton Roads. This automobile service center has a strong and loyal customer base. The owner set a standard day one and has 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 Owner to focus his energy “On the Business”. The operation runs seven days a week on a major thoroughfare with easy entry and exit and great signage. The Franchise agreement runs 15 years with a renewal option. The lease is reasonable for the space and location and it runs until 2030. With all the above, this opportunity presents as a true turn key opportunity, complete with everything a buyer needs. The inventory averages approximately $20,000 with the exact value at closing being added to the purchase price. As a bonus, the purchase of this business includes an additional franchise location license valued at $30,000, for free. So a buyer at some point in the future can open another facility in a location of their choosing without having to pay the additional license fee. A nice bonus for future growth plans. A strong customer base with great cash flow and built in future growth opportunities! This one is a must see!

About the Business

Year Established:
1987
Number of Employees:
5 FT
Franchise:
Yes
Real Estate:
Leased
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About the Sale

Reason For Selling:
The owner is Retiring.
Training/Support:
Will train for 2 weeks @ no cost.

Listing Info

ID:
1441844
Ad Detail Views:
15

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Business Listed by

Russ Bieber

Murphy Business & Financial Corporation

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U.S. Census Data for Virginia Beach city County, VA
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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 Virginia Beach city County, VA
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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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