MergerPlace

Auto Service Center Midas

New Mexico (San Juan)


  • Asking Price: $125,000
  • Gross Income: $400,241
  • Cash Flow: $82,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $105,000
  • Listing ID: #209181
  • Established: 1996
  • Employees: 3 FT

Business Description

Well established Midas Auto Repair service facility offering full service repairs for cars and light trucks, full alignment lift, brake inspection, brake repair, custom exhaust, muffler repair, quick lube, tires, diagnostic, check engine light, belts, hoses, lights, wipers, air conditioning service, steering, suspension, batteries, starter, charging, radiator, cooling, performance enhancements - all auto repair needs.


Business Details

Primary Business Category: Services - Other Services
Location: New Mexico
County: San Juan

Company Information

Year Established: 1996
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 3 FT

Financial Information

Asking Price: $125,000
Gross Revenue: $400,241
Cash Flow: $82,000
FF&E: $105,000
Seller Financing Available: Yes

Property Information

Facilities:

Large 13 bay 9500 sq ft stand alone building on a 39,210 sq ft (.95 acre) zoned Industrial lot on a major street. The building is located in a mature, non residential portion of town with direct access to a major street. Five year lease with a five year option to renew, or the building and land are available for purchase for $630,000 subject to mutually acceptable commercial appraisal.

Growth & expansion opportunities:

The business is located in a growing city and is ready to grow with new ownership. The 2010 Census of San Juan County and the four corners area counted 130,044 residences and 45877 in the city itself. The area has experienced steady growth for the past 40 years. The city enjoys one of the highest per capita incomes for New Mexico. Oil, gas and coal are strong industries in the area. Sales tax revenue is up and there is a general feeling of economic optimism in the area. The economy is anchored by the local medical community, hospital, college and Connie Mack Baseball.

Competition:

Competition from the other franchise auto repair and service facilities in the area. Midas retains the reputation for exhaust repair in addition to general automotive repair. That reputation, combined with strong regional and national advertising assure great brand recognition. This shop has one of the few alignment systems in the area which separates it from the other tire repair facilities in the area. Midas franchisees enjoy discount for parts and equipment, enhanced warranty support, a national training program for managers as well as technicians and standardized procedures that are proven to work and be profitable.

Reason for selling:

Will train for 4 weeks @ no cost Midas auto repair facility. Requires business license, approval of franchise agreement with Midas, the Franchisor and experienced automotive repair technicians.

Support & Training:

Will train for 4 weeks @ no cost Midas auto repair facility. Requires business license, approval of franchise agreement with Midas, the Franchisor and experienced automotive repair technicians.

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Business Listed By:

Joe MacGuire

Murphy Business Brokers