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Business for Sale Summary

Used Car Dealership for Sale in Virginia - 36053

Business Type: auto/truck mechanical repair,misc. retail/non-classifiable,misc. service/non-classifiable,other personal services,owner financing available,automotive dealers/ auto retail
Owner Financing
Used Car Dealership for Sale in Virginia
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Financial Information (non-confidential)

General Information
Asking Price $95,000 Down Payment $45,000
Gross Revenues $1,200,000 Lease Remaining Register Free to View
Owner’s Cash Flow $70,000 Number of FT Employees Register Free to View

Financing

$45,000 Down and balance of $50k for 60 months @ 3%

Business Description

Unique chance to acquire an established used car dealership strategically located, boasting impressive 2023 sales of $1.2m. While a sole owner-operator could have realized over $140k, a manager received $70k. The property features five aesthetically pleasing offices with high-end furniture, six on-site car spots, and an optional 20 additional spots a mile away. With significantly below-market rent at $10k, offset by an $8k sublet, the current owner's responsibility is reduced to $2k. The motivated seller, aiming to focus on an unrelated and demanding CEO position in another company, is open to creative deals. The comprehensive deal includes a dealer license, highly reviewed established business, dealer tags, a line of credit/floor plan, and established accounts with auction houses, large dealerships, various financing and marketing platforms. Ideal for someone experienced in the car business or with a genuine passion for cars. The seller is willing to provide 2 months of training for a smooth transition. Don't miss this opportunity to 'make money from day one' - contact the listing broker Brian Bernstein at 929-969-0007 to learn more.

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Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.