Car Dealership & Auto Service, Assignment of Contract
Property Description
Established Automotive Dealership & Service Center - Norfolk, VA
PLEASE DO NOT CALL THE STORE
This thriving dual-income automotive business combines pre-owned vehicle sales with full-service automotive repair, creating multiple revenue streams in Norfolk's robust military market. Operating successfully since 2016, the business serves one of America's largest military communities with consistent demand from service members, government contractors, and civilian populations.
Business Operations:
The 6,800 square foot facility houses both retail automobile sales operations (with proper licensing) and a complete automotive service center. This dual-purpose setup maximizes facility utilization while providing complementary services that enhance customer retention and lifetime value. The business employs 8 team members supporting both divisions.
Strategic Location:
Positioned in Norfolk, Virginia's premier military hub, the business benefits from a stable customer base of military personnel requiring reliable transportation and ongoing vehicle maintenance. The location provides access to major metropolitan areas including Washington DC, Richmond, and Jacksonville, North Carolina, expanding market reach beyond the immediate Norfolk area.
Financial Structure:
Asking Price: $1,500,000.00 Includes assignment fee)
Disclosure: “BPGI LLC is assigning its contractual purchase rights. We are not the titled owner. Buyer will close directly with the owner; assignment fee is payable to BPGI LLC through escrow.”
Unique Advantages:
- Dual revenue model: vehicle sales plus service income
- Land purchase option creates real estate investment opportunity
Growth Potential:
Norfolk's expanding military presence and contractor community, combined with increasing digital automotive sales trends, present significant growth opportunities. The established service center provides recurring revenue while vehicle sales offer higher-margin transactions.
PLEASE DO NOT CALL THE STORE
This thriving dual-income automotive business combines pre-owned vehicle sales with full-service automotive repair, creating multiple revenue streams in Norfolk's robust military market. Operating successfully since 2016, the business serves one of America's largest military communities with consistent demand from service members, government contractors, and civilian populations.
Business Operations:
The 6,800 square foot facility houses both retail automobile sales operations (with proper licensing) and a complete automotive service center. This dual-purpose setup maximizes facility utilization while providing complementary services that enhance customer retention and lifetime value. The business employs 8 team members supporting both divisions.
Strategic Location:
Positioned in Norfolk, Virginia's premier military hub, the business benefits from a stable customer base of military personnel requiring reliable transportation and ongoing vehicle maintenance. The location provides access to major metropolitan areas including Washington DC, Richmond, and Jacksonville, North Carolina, expanding market reach beyond the immediate Norfolk area.
Financial Structure:
Asking Price: $1,500,000.00 Includes assignment fee)
Disclosure: “BPGI LLC is assigning its contractual purchase rights. We are not the titled owner. Buyer will close directly with the owner; assignment fee is payable to BPGI LLC through escrow.”
Unique Advantages:
- Dual revenue model: vehicle sales plus service income
- Land purchase option creates real estate investment opportunity
Growth Potential:
Norfolk's expanding military presence and contractor community, combined with increasing digital automotive sales trends, present significant growth opportunities. The established service center provides recurring revenue while vehicle sales offer higher-margin transactions.
About the Property
- Type
- Other Business Real Estate
- Building Status
- Established
- Facilities & Assets
- PLEASE DO NOT CALL THE STORE ($1.5 mil Includes assignment fee)
Disclosure: “BPGI LLC is assigning its contractual purchase rights. We are not the titled owner. Buyer will close directly with the owner; assignment fee is payable to BPGI LLC through escrow.”
*Proof of funds + NDA required before full details.
Established Automotive car dealership & Auto repair business, Strong lease with right to purchase property behind market value. 4 Bays with 3 Car Lifts. - Current and Prior Use
- Automotive Sales and Service
- Year Built
- 1959
About the Sale
- Furniture, Fixings and Equipment
- Included in Asking Price
- Financing
- Must have Own Financing
- Current Property Expenses
- Use/Zoning. Prior marketing described it as retail/auto with two automotive bays + two truck bays, three lifts, prominent road signage, and Zoned C-3 with a Conditional Use Permit for Used Automotive & Service
* Military Hwy with quick access to I-64 and Norfolk International Airport—high visibility corridor serving the Airport/Norview/Poplar Hall trade area.
Listing Info
- ID:
- 2398641
- Listing Views:
- 438
Listing ID: 2398641 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.
