Last Revised: 9/18/19. Posting #: 256340
Key Words: auto repair, franchise, brakes, tire, oil change, tulare
Financial Info: Price: $400,000+ $25,000 Inv. Down: Call. Adjusted Net: $212,000. Annual Revenues: $853,500. Long term lease. Pre-qualified for 90% Bank/SBA financing for 10 years. Sales have averaged $902,500 over the past three years.
Profile: Never before has there been a better time to be your own boss in the multi-billion dollar automotive service industry. This well-established eight-bay auto center is a nationally recognized brand and one of the world's largest providers of automotive service, offering total car care including brakes, oil changes, exhaust, scheduled maintenance, tires, steering and suspension services. Sales have averaged $902,500 over the past three years, with average Cash Flow of $245,000, affording an Owner/Operator a lucrative salary after financing payments. Highly profitable turnkey operations already have the equipment, inventory and well trained employees in place.
Located at a major intersection in a desirable area of Tulare County, CA, this Business offers a buyer a unique opportunity to control your own destiny and realize your dreams of owning a respected business in the community. The prime retail location has excellent visibility and proximity to nearby Highway 99. The national franchise benefits from a high brand awareness, exceptional advertising and 60+ years of experience in providing training and support systems to franchisees that are geared towards business success.
Auto repair center is a nationally recognized brand and one of the largest providers of auto service, offering total car care including brakes, oil changes, exhaust, scheduled maintenance, tires, alignment, steering and suspension services. Extensively equipped, eight-bay (seven lifts) prototype building (6,200 square feet) with attractive customer waiting area, plenty of storage space, and large parking area.
Classroom and on-line training is provided by Franchisor per the FDD. Additional two weeks of training at 30 hours per week and several months of telephone consulting would be provided by Seller. Franchisees benefit from complete training and marketing support and a franchise leadership team committed to long-term franchisee growth. Prior automotive background is not required.
The Asking Price for this highly profitable Business is $400,000, plus $25,000 in inventory. The Business is pre-qualified for 90% Bank/SBA financing for 10 years.
Professional Resources & Contacts To Help You Close Your Deal!
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
Profile: My mission is to conduct a thorough, well-planned, and well-executed transaction for both the seller and buyer, offering a confidential, professional approach to my clients and taking an M&A approach to main street transactions to ensure the optimal selling price and shortest time on the market.
Key Words: daniel herring, emerald coast business intermediaries, business broker, business valuation, valuation, consultant, due diligence, due diligence services, auto repair, construction, restaurant, airport shuttle, shuttle, okaloosa, florida, alabama
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Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: The unfortunate side of buying and selling small businesses is that the majority of all transactions fall through, including over half of all deals that go into escrow. Jordan Green discusses the most common reasons that transactions fall out of escrow in this BizBenNetwork blog.
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Key Words: selling a business, buying a business, sell a business, buy a business, purchase agreements, purchase agreement, inventory, inventories, value, valuation, valuing a business, selling price, restaurants, restaurant business, online businesses, ecommerce, goodwill, sales multiples, equipment, jordan green
Profile: Performing due diligence when buying a business is critical to ensuring that you are making the best purchase for you and your family. As your professional team dives deep into a business during due diligence, be sure to ask the seller these questions about owning and operating the business.
Key Words: buyers, business buyers, buying a business, due diligence, jordan green
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