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Used Car Dealership - High Traffic
Location: United States -> Virginia -> Norfolk
Industry: Auto Related > Auto Dealers




Business Summary

Location is everything in Used Car Sales! And this Business Has Location Plus. Major highway frontage on what has been rated the #1 Retail Corridor on the East Coast. Close proximity to 3 large military bases as well as the Largest Naval Installation in the World. Heavy marketing through Internet, Four Color Glossy Auto Magazines, YouTube Videos as well as being located on a Highway with 47,000 cars daily according to 2007 Traffic flow study. This Business is Directly Next to the Largest Indoor Flea Market in SouthEast Virginia as well as Next to 2 Major Franchise Car Dealers- GM and Ford. In this depressed Economy this lot managed to move 162 Vehicles in the last 12 months for a Gross Revenue of $1,612,755. That is a very respectable figure for a 20 thousand Sq. Ft. lot and Sales Office. This Business is Fully computerized with a full Network of Desktops all Joined into a Konica Minolta BixHub. There is a state of the art Surveillance system that can be accessed from a remote computer, this system monitors the lot with InfraRed cameras, The Sales Office and Finance. All data can be loaded onto a DVD for permanent records. This business is a proven performer, location has been active since 1996. See the Web site at TropicalMotorSports.com to see a more in depth profile of what this business can offer. This Business is being offered at $280,000, well below market value. Email or all Ray at 757-271-6969 for more information on this Used Car Dealership for sale!


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $1,612,755
Cash Flow:   $120,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $20,000
Seller Financing:  Yes

About The Business

Year Established:  1996
Number of Employees:  6 - 9
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Seller will stay on to train on computers and proprietary sales methods. Seller will assist in setting up floor planning and financing sources. Seller will stay on to aid in the wholesale purchase of inventory.
Reason For Selling:  Partnership breakup.

Photos

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Used Car Dealership - High Traffic Photo 1




Print Listing Id: 700103500
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Related Searches: Auto Dealers  >  Auto Parts Retail and Distribution  >  Auto Rental  >  Auto Repair  >  Car Wash  >  Gas Station  >  Other Auto Related  > 

Also See: Franchise Opportunities > Franchise Resales > Virginia Businesses For Sale > Virginia Franchises For Sale > Virginia Business Brokers



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