Country: United States
Category: Auto Repair Businesses
Tenancy: Single
Cash Flow: $150,000.00
Expenses: N/A
Revenue: N/A
A well-established, popular, busy, and profitable full-service auto repair business with... Read More
A well-established, popular, busy, and profitable full-service auto repair business with the advantage of franchise advertising and promotion in a visible easily-accessible East Bay location. Under the same owner-management for many years, this turn-key auto repair business provides the full-range of services, including smog testing and repair, and wheel alignment, as well as tire and parts sales. The business has been operated from time to time on a semi-absentee basis and could be run successfully on that basis by a new owner-investor.Facilities: All equipment, tools, and infrastructure to perform all auto repair services are in place and included in the sale.Lease: The business is in leased premises with showroom, warehouse, service bays, and plenty of off-street parking in a visible location on a heavily-traveled major downtown thoroughfare. Rental costs are approximately $6,700 per month through a franchisor sub-lease. There is excess square footage at the front of the shop that could be sub-leased to another tenant for additional revenue.Franchise: The buyer also obtains the brand recognition, good reputation, and active marketing of a regional franchisor.Personnel: The business is fully-staffed with competent trained personnel who are all expected to stay at the option of the new owner.Financial Information: The Seller reports sales of approximately $715,000 per year with a Seller’s Discretionary Earnings (SDE/net cash flow) of $150,000. Very detailed financial data will be provided to a serious buyer after meeting with the seller and broker.Training. The seller will provide a reasonable transition period and extensive training for the new owner. In addition, the franchisor provides three days of business management and marketing training.The Transaction: The deal structure will be an asset sale. The reason for sale is the sellers’ desire to pursue other business ventures. The owner would agree to stay for a brief reasonable transition time at buyer’s option. The asking price is $395,000—plus inventory; this includes all assets, including the physical assets, good will, name, customer records, franchise transfer fee, etc., but excluding accounts receivable, accounts payable, and cash on hand. Partial seller financing may be available to a qualified buyer.Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by Broker as to accuracy. Broker has made no independent verification of the data contained herein. Buyer is advised to perform its own independent due diligence and seek the advice of professionals prior to purchasing the Business. Monthly Sales Figures and Furniture, Fixtures, & Equipment (“FF&E”) list are available upon in-person consultation with the owner & broker. Read Less