Nationally Franchised Auto Repair Business

www.GlobalBX.com

Listing ID: 700344842

Listing Title: Nationally Franchised Auto Repair Business

Quick Link: http://www.globalbx.com/listing.asp?bId=344842

Industry: Auto Related

Industry Segment: Auto Repair

Country: United States

State / Province: Iowa

Area

City: Central Iowa

Asking Price Range: < $250K

Gross Revenues: $825,324

Cash Flow: $4,842

Cash Flow Type: EBITDA

Year Established: 2016

Number of Employees: 6 - 9

Business Description:
Unique opportunity to acquire a turnkey franchised operation that is number one in its category. Instead of opening a new franchise location for the same or more of an investment, step into a successful location on day one that has a loyal and local customer base. This is a family friendly business with most evenings and weekends free. Additionally, this recession resistant business cannot be replaced by an online service. Since it was acquired (2016) by the current owner, sales have increased, and a more streamlined operational process has been put in place resulting in improved online ratings and a strong as well as loyal local customer base. This business enjoys a robust commercial/wholesale and fleet/national business component combining both general repair and a specialty trade. The current lease for the property where the business is operated is a transferable lease with seven years remaining and places the business in a desirable location for the services provided. The operation includes five employees that would stay in place and the owner is open to stay on in an onboarding/advisory role for a mutually agreed upon period of time. Asking $225K for the business. Additionally, the buyer would pay a $4550 security deposit to landlord for the lease space if they maintain the same location. Furthermore, there would be $5-7K due to the Franchisor as a security deposit and mandatory training (costs range between $2-$4K) that are conducted by the Franchisor that the buyer would have to cover.



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