Business Summary:
Since their grand opening in April of 2005, this well known franchise has grown due to excellent customer service and a fast start with commercial accounts developed by a commission only sales men. The owner has an excellent staff and does not work full time in the business. If you are an experienced business person with good people skills, this is an ideal opportunity. No knowledge of auto repair is required. You will learn how to select the technical and sales staff required to run an efficient operation. An owner should be willing to work in the store 25+ hours a week. The counter and technical staff are excellent. Monthly royalties are 6% and 2% for advertising. The franchise transfer and training fee is $11,500 which includes the required franchise training.
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| Year
Business was Established: 2005 |
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| Number of Employees:
6 Full Time/1part time |
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| Facilities / Terms of Lease:
This is located in a central Wayne County city which is well traveled by Ford Motor Company commuters. The building visible but much larger than it looks from street because of its placement. There are 13 hoists including 4 designed for commercial vehicles. The physical assets include alignment rack, extensive computer diagnostic equipment, tools, a flat screen TV, waiting room furniture, shop maintenance equipment, office furniture, POS system & more. The current base rent is $8500/mo but Owner has sub lease offset of $1400/mo + 14% of addl. exp. |
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| Potential
Growth/Expansion:
There is an excellent opportunity to growth both wholesale and retail sales due to the unusually high number of commercial business and commuters in the area. Because of the high ceilings, this is one of the few locations, in the franchise system, that can accommodate large equipment. This creates an excellent opportunity to grow the commercial side of the business. |
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| Competition:
This franchise has state of the art diagnostic equipment and can service all US and foreign vehicles. Other independent shops can t compete with their level of quality and service. The franchise advertises on the radio, the internet and the areas stores support a full page yellow pages ad. |
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| Owner
willing to train:
Seller is willing to spend up to 80 hours over the first three weeks training buyer. The Franchisor supplies 3 weeks of training. One week takes place at their location in Michigan the balance is on-site or in other stores. |
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| Reason for selling:
Spend more time developing his real estate investments |
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Seller Reference Number: DETROMI001372
BusinessMart.com Listing Number: 60346 |
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