MergerPlace

Auto Repair/Maintenance Franchise

Virginia


  • Asking Price: $359,500
  • Gross Income: $842,774
  • Cash Flow: $162,418
  • Real Estate: Not Disclosed
  • Inventory: $4,500
  • FF&E: $90,000
  • Listing ID: #210441
  • Established: 2002
  • Employees: 5 FT / 2 PT

Business Description

This auto repair/maintenance franchise has been in operation over 10 years and has a prime location on a very highly traveled street. The shop has multiple bays and houses a great workforce close to popular retailers. These assets give the business convenient access to many customers and a great deal of continued growth potential.


Business Details

Primary Business Category: Retail Trade - Motor Vehicle & Parts
Location: Virginia

Company Information

Year Established: 2002
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 5 FT / 2 PT

Financial Information

Asking Price: $359,500
Gross Revenue: $842,774
Cash Flow: $162,418
FF&E: $90,000
Inventory: $4,500
Seller Financing Available: Yes

Property Information

Facilities:

Facility is leased. Multiple lifts. There are 4 large bay doors (front and rear). Stand alone steel building with brick facade. Zoning is light industrial (B2). There is no opportunity for ownership however, the landlord loves having it rented and is willing to work with tenants to keep an occupant.

Growth & expansion opportunities:

Potential for growth is very strong due to location in college community and growth of the area.

Competition:

There are 2 or 3 other competitors in the area but none have the location or strength of this franchise.

Reason for selling:

Due to health issues and concerns the owners are looking to sell the business.

Support & Training:

Will train for 4 weeks @ $0 cost. Services offered include general auto repair work. Virginia State Inspection Station license, which the new owner will have to apply for. Buyer will also need to meet the franchise requirements for ownership.

Contact Business Seller

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Business Listed By:

Richard K. Halterman ll

Murphy Business Brokers