High Volume Service/Gas Station in Great Section of Virginia Beach

  • Listing# : 13353
  • Listed Price : $1,495,000
  • Total Sales : $2,088,990
  • SIC : 5541
  • Down Payment : $448,500
  • Status : Active
  • Discretionary Earnings : $431,713

Business Type :

Gas Station / Gas Station/Repairs

Business Description :

Established Auto Repair and Gas Facility - Lender Pre-qualified! This well established seven-bay auto center offers total car care including brakes, oil changes, custom exhaust, scheduled maintenance, tires, steering and suspension services. A very profitable operation including fuel sales, the station is fully equipped with the latest in diagnostic equipment, lifts and all of the standard repair equipment including alignment, flush systems and heavy duty service capabilities. Stocked inventory for all standard services, the business is complemented with experienced and loyal employees and located in a very desirable area in Virginia Beach. Included in the business purchase is their customer data base made up of over 1,000 past and present customers. Sales for the past three years have consistently hovered in the $2.0M mark annually generating approximately $500,000 in cash flow. The property is owned by the sellers and they are offering a lease at $10,000 per month which is currently accounted for in the financials. In addition, they will offer an opportunity to enter into a lease to purchase agreement for the property. 

Assets/Liabilities:

    • Accounts Receivable $5,049
    • Incl : No
    • Real Estate $195,075
    • Incl : No
    • Inventory $43,377
    • Incl : No
    • Liabilities $345,535
    • Incl : No
    • FF&E $387,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $387,000
    • Incl : Yes

Lender Prequalified: Yes

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