MergerPlace

Auto Service - Excellent Business

Texas


  • Asking Price: $975,000
  • Gross Income: $782,738
  • Cash Flow: $69,230
  • Real Estate: $550,000
  • Inventory: $82,000
  • FF&E: $145,000
  • Listing ID: #208346
  • Established: 2016
  • Employees: 3 FT / 3 PT

Business Description

Murphy Business & Financial Corporation of Texas is pleased to present to the buying community, two Midas Auto Repair Franchise locations, just west of the Dallas Ft. Worth area. The Midas Auto Repair Franchise is one of the best-known and most-trusted automobile brands in the world. Since 1956, they’ve been a dominant force in the tire and auto repair industries, with more than 1,000 auto repair stores in the United States and more than 2,000 worldwide. Midas offers complete auto care. Whether it’s time for a factory recommended maintenance visit, a routine oil change, new tires, or repair services on brakes, muffler and exhaust, suspension, air conditioner, or any other mechanical or electrical component of your car, Midas is ready to serve its customers.


Business Details

Primary Business Category: Services - Other Services
Location: Texas

Company Information

Year Established: 2016
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 3 FT / 3 PT

Financial Information

Asking Price: $975,000
Gross Revenue: $782,738
Cash Flow: $69,230
FF&E: $145,000
Inventory: $82,000
Real Estate: $550,000
Seller Financing Available: No

Property Information

Facilities:

Commercial Real Estate property, one story automotive service facility; 7,000 square feet in size, located on .0654 acres. Valued at $550,000

Growth & expansion opportunities:

The Midas Brand is strong and growing your business will be aided by their advanced marketing, service oriented philosophy and market presence will assist in the growth of these two locations. The "upside" to this business opportunity is that an owner - operator with a hands on approach will increase profitability. "No one runs a business better than an owner."

Competition:

Midas is an iconic, trusted brand in an industry where customers reward trust with long-term loyalty. That’s why it’s no surprise that Midas auto repair shops, on average, significantly outperform our competition. We’ve evolved a lot over the years. We started in 1956 by selling the best muffler on the market and offering a lifetime warranty. Our excellent products, services, and warranties helped us build a strong reputation as an auto repair shop that stands behind the quality of its work. That reputation has continued as we have expanded into total car care, and it’s a major reason why our median franchises had average revenue of $620,760 in 2013, as outlined in our 2014 Franchise Disclosure Document. That is 33% higher than the industry average for a general repair garage according to the Automotive Aftermarket Industry Association. The Midas name brings in customers, and Midas systems help you serve them in a way that keeps them coming back.

Reason for selling:

Health Reasons / Retire.

Support & Training:

Will train for 3 weeks @ no cost Midas is looking for energetic and hard-working franchisees that are focused on delivering the same high quality customer service that has made us a successful brand for nearly 60 years.

Contact Business Seller

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Business Listed By:

Don Wendel

Murphy Business Brokers