Details - Information last confirmed on June 2, 2021
Exceptional opportunity to own a highly regarded and recognized Automotive Repair Franchise. The facility and operation are well established and very profitable, operating since 1993. The franchise focuses on transmissions, but covers every aspect of auto repairs bumper to bumper. Great location with high visibility, the facility offers up six bays with 4 twin-post lifts, two drive-on lifts, and transmission building areas. In addition, the shop is well equipped with practically every imaginable specialty tool including automotive computer scanning hardware. The owner’s attention to detail and organization has positioned this business as a clear turn-key opportunity. And the franchise affords a premier training program for technicians. No surprise, the owner fully supports continuing education, employee development, and overall care and support. As an example, the Owner covers 50% of the employee health care costs. All to say that the Owner has built a strong loyal team of technicians and as a result the performance of the business has grown year over year and excelled during the recent pandemic.
Six full time employees complement the space including management, and there is room to grow even beyond the current revenue performance which is nearly $800,000 annually. The overall facility is very well maintained. The equipment in the shop values at $35,000 and is all current and up to date. Inventory hovers at $10,000 included in the purchase. The operation itself exceeds 4,000 square feet at a market competitive lease of $3,500 per month. And, the business has been Pre-Approved by a lender for acquisition with a down payment of $80,000.
This opportunity calls for some experience in the automotive category. But the franchise provides phenomenal training at their corporate office and has a strong regional support arm coupled with a tremendous franchisee support network. Bottom line; there is support every step of the way. And the current owner will offer a smooth transition plan for the right buyer providing on site training and assistance for a reasonable and negotiable period of time.
And it gets better. The Real Estate is offered for sale as well for $350,000. This affords a buyer a grand opportunity as a lender will combine the business and property in one loan package extending the normal loan time table and avoiding the need for a lease. This is an option worth exploring for the afforded financial benefit. But in any event the Owner will accommodate the sale of the property or afford a buyer a lease package.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.