Business Overview:
The traffic count is tremendous at this location. This is the leading national auto body and paint and collision franchise in the U.S.A.. They are well known for the assistance they provide to their franchisees. Currently there are 575 locations in the country, together they generate over $500,000,000 in annual sales. Maaco offers its franchisees outstanding purchasing power, they can buy paint and supplies at a fraction of the cost that normal wholesalers could offer. That is the reason that Maaco customers get great value for their money. Maaco has a strong business model that has been refined over the years. They have negotiated excellent, highly competitive prices, on the products that are used by the franchisee s including equipment, advertising, and supplies giving them a competitive edge over the independent operators. Consumers are keeping their cars a lot longer, with the average age of a vehicle on the road today is 8.4 years. This location was established in 1975 by a very successful owner that had 3 other additional locations. Maaco has established national contracts with FedEx, Sears, UPS, and DHL. They are doing the work on those trucks on a regular basis. A new owner could lease another facility exclusively for the work on those vehicles. The business is well staffed with experienced personnel. They currently use three computer programs, Shop Link for Windows, Polaris furnished by Maaco for paint, and Quick Book s 2002" for accounting. The owner is a hands on operator.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This is the best location in the Greater Cleveland Market, within two minutes of I-480 & I-77, centrally located between the east side of Cleveland and the West side of Cleveland, it is the epicenter for the service and retail merchandising industry. Get the facts from your chamber of commerce, this is the location for broad merchandising capabilities. The traffic count is tremendous. There is 9000 sq. ft. with a monthly rent of $4,995.00 per month, plus real estate taxes and insurance. The lease is good thru June of 2020.
Market Competition and Expansion:
This location needs a sales oriented owner. The current owner recognizes that this is not his strong suit. The primary emphasis by a successful owner is a nice, clean, professional looking waiting area that has the sales tech looking more like a salesmen versus a body man. Once that is taken care of this location will do over a million dollars a year. Consumers are keeping their cars a lot longer, with the average age of a vehicle on the road today is 8.4 years. The national advertising that is done by Maaco drives customers into the facility to get quotes. A sales oriented operator will close more of those deals as well as upsell the services.
Reason for Selling:
Owner moving to Florida.
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.