MergerPlace

Car Care Center of Hampton Roads

Virginia (Virginia Beach City)


  • Asking Price: $249,500
  • Gross Income: $498,016
  • Cash Flow: $74,197
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $30,000
  • Listing ID: #203295
  • Established: 1987
  • Employees: 5 FT

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!


Business Details

Primary Business Category: Retail Trade - Gasoline and Service Stations
Location: Virginia
County: Virginia Beach City

Company Information

Year Established: 1987
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 5 FT

Financial Information

Asking Price: $249,500
Gross Revenue: $498,016
Cash Flow: $74,197
FF&E: $30,000
Seller Financing Available: No

Property Information

Reason for selling:

The owner is Retiring.

Support & Training:

Will train for 2 weeks @ no cost.

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Business Listed By:

Frank Chebalo

Murphy Business Brokers