MergerPlace

Franchise Tire & Auto Repair Store

Glasgow, Kentucky (Barren)


  • Asking Price: $250,000
  • Gross Income: $561,366
  • Cash Flow: $7,129
  • Real Estate: Not Disclosed
  • Inventory: $15,221
  • FF&E: $55,127
  • Listing ID: #209277
  • Established: 2014
  • Employees: 6 FT

Business Description

This is a well established franchised tire sales and auto repair service facility located in one of the wealthiest counties in the state of Kentucky. The company provides tire service and repair as well as general automotive services, including oil and fluid services, brakes, batteries, suspension and front-end alignment services. The company has a very experienced staff, including 1 general manager, a mechanic, 3 FT tire technicians and 1 sales person. The building is included in the sale of the business and is located across from a busy medical plaza. Owners are absentee and looking to transfer ownership to someone who has the ability to provide more consistent oversight. The business is not currently cash-flowing and is being sold as a turnkey asset sale.


Business Details

Primary Business Category: Services - Other Services
Location: Kentucky
Metropolitan Area: Glasgow
County: Barren

Company Information

Year Established: 2014
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 6 FT

Financial Information

Asking Price: $250,000
Gross Revenue: $561,366
Cash Flow: $7,129
FF&E: $55,127
Inventory: $15,221
Seller Financing Available: No

Property Information

Facilities:

The 5,800 square foot stand-alone location has 4 bays and 4 lifts, including a Hunter alignment rack. Seller owns building valued at $198,000 and it is included in the asking price. The seller currently has a ground lease on the property with an outside third party for $1,702 a month that can be extended up to ultimate expiration on 7/31/2047.

Growth & expansion opportunities:

Given this company's well positioned location and the expected continued growth in the demand for auto repair services, this operation is in a prime position to provide profitable growth for many years to come.

Competition:

While there is competition in the marketplace, the franchise's name and brand recognition coupled with this location's history for providing exceptional service sets this operation apart from its local competition.

Reason for selling:

Owners wish to pursue other business interests.

Support & Training:

Will train for 4 weeks @ no cost This business requires a general business license, approval of the franchise agreement with the franchisor and an experienced staff of technicians to provide tire repair/replacement and general automotive repair.

Contact Business Seller

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Business Listed By:

Craig Sanford

Murphy Business Brokers