VIRGINIA BEACH, Va. — A local car consignment company is on the move again. CarLotz opened its fourth location on April 3 in Virginia Beach and is laying the groundwork for a plan to bring its brand to more distant markets. The new Virginia Beach storefront is at 5055 Virginia Beach Blvd., near the Virginia Beach Town Center. CarLotz co-founder Michael Bor said the company has a five-year lease on a nearly 2,000-sqaure-foot space.
The company already had a Hampton Roads location that opened in Chesapeake in 2012. It also has locations in Midlothian and the West End.
“Having a couple stores in a market is a one plus one equals three,” Bor said. “It’s a great way to enhance both stores. When we opened the store on West Broad Street, it more than doubled the scale of our business. We were looking for a similar dynamic in Hampton Roads.”
To read more about CarLotz in Virginia Beach, click here.