Business Summary:
The seller of this attractive and nicely profitable Jamestown Area automotive aftermarket franchise is only the second owner in the business’s 30 year successful run at the same location. It is fair to call this business a fixture in the area with multiple generations of satisfied, repeat customers.
The business has a very favorable lease on a remodeled and sparkling clean 3,700 sq. ft., 4 bay facility with an office and attractive customer waiting area. Rent impressively comprises less than 5% of revenues.
Year after year this business generates a high five figure seller discretionary cash flow on annual revenues always falling in the $420,000 - $460,000 range. And that revenue level is consistently recorded despite neither the current nor former owner being particularly aggressive in terms of pursuing new business opportunities.
The business is being offered for $169,000 (plus inventory). That price is only 2.0x cash flow which reflects the seller’s interest in relocating on a timely basis (for family reasons). In addition, the seller will carry a meaningful seller note for an enthusiastic though undercapitalized buyer. This is a wonderful opportunity for a new owner to hit the ground running with an attractive income while inheriting excellent growth potential especially given the historic lack of outside sales efforts.
For more information on how you can instantly become a player in the fun and lucrative automotive aftermarket business and to request (a) impressive detailed financial statements, (b) information on the well established and successful franchisor, and (c) a series of photos of the attractive site, please call Mike Greengard at 616-285-8121.
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