MergerPlace

Midas Auto Repair - Great location

New Jersey


  • Asking Price: $379,000
  • Gross Income: $1,147,108
  • Cash Flow: $133,964
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $118,682
  • Listing ID: #208401
  • Established: 1962
  • Employees: 5FT

Business Description

Midas has evolved from a specialist in under-the-car services to the provider of an extensive and growing list of maintenance and repair services: brakes, steering, suspension, exhaust, catalytic converters, batteries, tires and more. Midas serves individual vehicle owners as well as nationwide vehicle fleets.


Business Details

Primary Business Category: Services - Other Services
Location: New Jersey

Company Information

Year Established: 1962
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 5FT

Financial Information

Asking Price: $379,000
Gross Revenue: $1,147,108
Cash Flow: $133,964
FF&E: $118,682
Seller Financing Available: No

Property Information

Facilities:

10 Bays loaded with equipment and well maintained. Long term lease.

Growth & expansion opportunities:

Local marketing will help to improve sales.

Competition:

There are several competitors nearby. Midas is the number one Brand in the automotive industry. This location has been in business since the 1960's.

Reason for selling:

Midas is proud to be one of America's original franchise opportunities-and one of its best. Founded as a single shop in Macon, Georgia in 1956, Midas has been building an excellent reputation in the auto-repair industry for over 60 years. MIDAS is the premier brand name in world-class automotive repair and automotive maintenance services. This location was established in the 1960's and has become the staple auto repair shop in the area with nearly $1,000,000 is sales volume. Very visible highway location with 10 bays and favorable lease. Updated and turnkey with over $800K in annual sales.

Support & Training:

Will train for 2 weeks @ no cost Midas Services: Tires, Brakes, Oil, Everything.

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Business Listed By:

Ed O Deven

Murphy Business Brokers