MergerPlace

Auto Repair Franchise in Seattle

Washington (King)


  • Asking Price: $150,000
  • Gross Income: $390,418
  • Cash Flow: $110,747
  • Real Estate: Not Disclosed
  • Inventory: $1,000
  • FF&E: $19,500
  • Listing ID: #199074
  • Established: 1992
  • Employees: 3 FT

Business Description

Profitable Auto Repair Franchise is one of the best-known and most-trusted automobile brands. You will be hard pressed to talk to anyone who owns an automobile that does not already know the Franchisor name and what they do. Shop has 6 bays and includes a wait room and clear view to the bays. Well established in a busy "up and coming" area in Seattle. Shop is very well run. The current owner has adopted a strategy of high margin high-ticket items for the best gross profit opportunity. Well trained manager and two technicians are in place. Owner wants to retire and is selling it for less than the startup costs for a new shop!


Business Details

Primary Business Category: Retail Trade - Gasoline and Service Stations
Location: Washington
County: King

Company Information

Year Established: 1992
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 3 FT

Financial Information

Asking Price: $150,000
Gross Revenue: $390,418
Cash Flow: $110,747
FF&E: $19,500
Inventory: $1,000
Seller Financing Available: No

Property Information

Facilities:

Well located on a busy main thoroughfare with excellent visibility and high traffic count in an affluent area. It has been in operation over 25 years with an incredible reputation for high quality work. The Center is a clean, smooth running operation with a great client base and fleet accounts in place. Modern facility is 4,100 sf with 6 bays and lifts. The franchise agreement and lease are tied to each other. The building is leased from the Franchisor. The Franchisor will provide disclosure documents (FDD) to buyer prior to entering into an agreement.

Growth & expansion opportunities:

Significant opportunities for added services. The rack labor rate is below the competition. Raising it $5/hour can add approximately $8,000 annually to the bottom line for example.

Competition:

The brand is very powerful. General automotive repair is a multi-billion dollar industry. This Franchise is a magnet for customers who are ready to shop for a trusted mechanic. It charges a fair price for the same level of care as a dealer and is more convenient for most consumers. Auto repair has primarily been recession-proof.

Reason for selling:

Owner retiring.

Support & Training:

Will train for 2 weeks @ no cost. This is a globally recognized brand and one of the world's largest providers of automotive service, offering brake, exhaust, maintenance, tires, steering and suspension services. Excellent systems are in place to monitor performance and control costs. Complete training is provided by Franchisor and the owner is open to consulting during the first year. A full time Manager is in place. An owner-operator scenario can add back an additional $50,000 to the bottom line. Strategic alliances for parts distribution further maximize the business profitability.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Judy Elrod

Murphy Business Brokers