Auto Repair Business In Newport News

Profitable full-service auto repair and service business in the Newport News area generating $1,900,000 in annual revenue and $625,000 in net profit. Offered at $3,400,000, the sale includes the operating business and owned real estate assessed at $1,600,000, together with approximately $200,000 in furniture, fixtures and equipment. The established automotive service operation has built a solid local reputation around customer service, competitive pricing, quality products, workmanship and attention to detail. A full-time manager oversees daily operations, supported by five additional full-time employees, providing an experienced six-person team for an incoming owner. The substantial property comprises an approximately 18,000 sqft building positioned on 1.5 acres and equipped with 17 service bays. The real estate is included within the asking price and is assessed at approximately $1.6 million. Further growth potential exists through increased marketing, as the business currently undertakes little advertising. The seller will provide post-sale training and support, and the existing staff are anticipated to remain following completion. Owner financing is available, while SBA financing may also be possible for a qualified buyer