S.L. Nusbaum Realty Co. Business Brokerage Services

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Used Car Dealership with 800K Cash Flow

Contact Broker about this Listing

This very well established used car dealership did over 15 million in sales in 2019 and had over 800k in cash flow. It has a 5 year lease with two 5 year options. The high traffic location has very desirable demographics and is highly visible. typically the owner has around 800k-1 million dollars of inventory on hand (90-120 cars). The inventory is not included in the purchase price, but the seller will consider a short term floor plan while the buyer obtains its' own trhe buy seller's vehicles. The business is totally turnkey with a stable employee base, and has several different profit centers; including financing reserves, warranties and gap insurance.

Listing ID #:1002
Broker:Ross A. Weinstein, J.D.
City:Virginia Beach
State:VA
Asking Price:$995,000.00
Revenue:$15,263,211.00
Cash Flow:$806,404.00
Business Type:Used car sales
Employees:10
Building:

A well kept, great location and highly visible 3,200 sq. ft. freestanding building on .45 acres. the rent is approximately $7,750/month.

Reason for sale:Owner focused on other pursuits
FF&E:$75,000.00
Rent:$7,750.00

Contact Broker

Ross A. Weinstein, J.D.
Director of Business Brokerage Services
S.L. Nusbaum Realty Co. 440 Monticello Ave, 1700 Wells Fargo Center
Norfolk, Virginia 23510
757-640-2234 - Office
1-757-257-9173 - Fax
rweinstein@slnusbaum.com

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