Established National Auto Repair Franchise – Steal
Everett, Washington
| Asking Price: |
Gross: |
Cash Flow: |
| $69,000 |
$485,417 |
Undisclosed |
Furniture and Fixtures Value:
$57,000 (included in the asking price)
Inventory Value:
$5,000 ( not included in the asking price)
Real Estate:
$0 ( not included in the asking price)
Business Summary:
This full service Auto Repair shop has been established for over19 years, in the same area, and is an icon in its industry. The business has built its reputation on integrity, honesty, and great professional service. It has great visibility and lots of parking. The business occupies 4900 square feet and has 4 bays and 6 lifts with space to work on RV’s, storage, an office and reception area. The business offers full maintenance and repairs services, including brakes, tires, mufflers, exhaust systems, suspension, lube and oil, heating & cooling systems, batteries, and fleet services. The business has an easy to use POS system that has the customer’s history and price verification for parts. The high season is from about March to October. The franchise fee is 10% of net revenues, except for tires (6%) and batteries (2%). The transfer fee is $5,000. The Franchisor provides 3 weeks of training at its headquarters in Florida and the Seller will provide one week of onsite training after closing. The business has a long history of repeat business and loyal client base. The current owner wants to retire.$30K price drop - very motivated seller - bring offers
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| Year
Business was Established: 1998 |
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| Number of Employees:
3FT |
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| Facilities / Terms of Lease:
The business occupies 4900 square feet and is located on one of the busiest arterials in South Everett. There is great visibility and lots of parking. The business has 4 bays, 6 lifts; space to work on RV’s, an office and reception area, and lots of storage. The total rent is $5029 per month. The lease runs till June 30, 2022. The POS System software is leased at $218 per month. The base lease rate will increase by CPI starting in June of 2017. |
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| Potential
Growth/Expansion:
The new owner could easily increase revenues by increasing tire sales, adding engine and transmission replacement services, increase local fleet sales, adding a detailing and windshield replacement service, and adding a retail section of accessories and impulse items for the cars. The current owner has not utilized any of the social media platforms and a new owner could increase the public’s awareness and its revenues by starting a dedicated social media campaign |
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| Competition:
This full service auto repair business has been in the same area for over 19 years and has a very loyal and dedicated customer base. Over 60% of its business is repeat customers. A majority of its customer base is by referral from its satisfied clients. The integrity, honesty, and professional service bring the customers back over and over again. |
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| Owner
willing to finance:
Cash |
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| Owner
willing to train:
The Franchisor provides 3 weeks of training at its headquarters in Florida and the Seller will provide one week of onsite training after closing |
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| Reason for selling:
The seller wants to retire |
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| REQUEST MORE INFO |
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