Business Summary:
While this automotive aftermarket franchise boasts a great location on a busy commercial thoroughfare, it is just too far (100 miles) from the seller’s core group of other automotive aftermarket franchises so he is offering it for sale at a very aggressive price of $79,000 which is about one-half the cost to open a new franchise. The attractive price is also less than .33x revenues, and the modest price reflects the lack of management attention given to this distant (from the owner’s other franchises) business.
Under the banner of an established, successful, respected and well known regional franchisor, this franchise operates out of an attractive 5000 square foot facility (in excellent condition including a new roof) which is available for purchase for $239,000 which is less than $50.00 per square foot and $100,000 less than recent appraised values. Payments on an 80% mortgage would actually be about 20% less than the current rent so a serious buyer should plan to invest in the real estate as well.
Revenues for this business have been consistently at $200,000 the past several years; however, in the first quarter of 2008 revenues have jumped 25% from first quarter results from previous years, and the business is now tracking to record a cash flow of mid five figures on $250,000 of revenues.
The attractive $79,000 price tag includes all assets, inventory, the franchise transfer fee, and two weeks of franchisor provided training at the business. In addition, to help a serious, enthusiastic, and undercapitalized buyer (buyers do not need mechanical skills…just good business sense and a desire to make money), the seller will offer meaningful seller financing. To learn how you can become an instant player in the fun, exciting, and lucrative automotive aftermarket industry, please contact us to learn more about this excellent franchise resale opportunity.
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