Business Summary:
If you are interested in an outstanding automotive aftermarket business, this opportunity will appeal to you. A long time, large, well known, successful franchisor has decided to literally sacrifice its lone site in the Tri-City, Michigan area (northwest of Detroit) for the incredible price of $35,000 which includes inventory, all equipment and the franchise fee.
This store, recently remodeled and re-roofed, has had decent annual revenues of $300,000. Nevertheless, a combination of not having other stores in the area and an inability to generate more than a break-even cash flow with its current manager has resulted in Corporate's decision to "give-away" the store to for a nominal price to an eager, entrepreneurial buyer/owner/manager.
The business has been located in the Tri-City area for years and while not growing under the hired manager, the loyal customer base remains and will be the foundation of the business for a new owner. The business operates out of a 4000 square foot facility with a long-term, very favorable lease at only $21,500 (less than 8.0% of revenues) annually.
The business comes with an experienced staff of two full-time and one part-time employee. No automotive experience is necessary for a new owner. This is an opportunity for a hard working, "people person" who will receive excellent training (included in the purchase price) both at the franchisor's corporate headquarters and in the store. Continuing support will be provided by a long time Corporate Regional Manager who lives just 90 minutes from the business.
The UFOC (uniform franchise offering circular) represents that the initial investment to open a comparable site ranges from $265,000 to $386,000. The sale of this existing business for $35,000 (firm) includes anything and everything that goes into a new site; and unlike a new franchise this business comes with customers, employees and a cash flow!
The internal records of this business, kept by the franchisor at corporate headquarters, are impeccable. This is a terrific opportunity and will give the first buyer to come forth with $35,000 the business opportunity of a lifetime.
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