Business Summary:
The original and still current owner of this ten year old successful automotive aftermarket franchise wants to sell so he can concentrate on his other business interests. With consistent annual revenues of $525,000 and a cash flow exceeding $50,000, this franchise resale offers a buyer the chance to become part of the lucrative and enjoyable automotive aftermarket business while enjoying a meaningful positive cash flow.
In the “what has happened recently” category, for the first quarter of 2007 (historically the slowest quarter of the year) record revenues of $140,000 were recorded (up over 26% from the same 2006 quarter) and an outstanding cash flow of nearly $25,000 was enjoyed during the quarter (up a whopping 5 fold from 2006 levels).
Located on a main street in Columbus, Nebraska, 80 miles west of Omaha, this site was designed and built as this automotive aftermarket superstore. The ten year old facility looks brand new and is kept impeccibly clean (you have to see it to believe it!) and boasts a generous 5,000 sq. ft. of shop space and 1,400 ft. of showroom space, and more than ample adjacent parking. With rent at a low 8.0% of total revenues, this site has plenty of room to grow the business. Furthermore, the owner of the building would consider selling the real estate.
The seller currently manages the business. His three full time and one part time shop employees are well trained and as a result, both customer satisfaction and customer retention are strong. The franchisor is well established having been franchising successfully for over 50 years. The brand name is both well known and well respected. In addition, the franchisor is “franchisee friendly” offering as much support as a franchisee wants, but also willing to let a franchisee “do his own thing”.
The seller will augment franchisor training to make sure the buyer is totally on track to grow and flourish. The business is priced at $195,000 (plus inventory) which is a very competitive 37% of revenues. The purchase price includes all furniture, fixtures and equipment; and it also includes the franchise transfer fee. In addition, the seller will carry a meaningful seller note for qualified buyers. For more information about this outstanding business opportunity, please call Mike Greengard at 616-450-0707.
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