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Business For Sale
AUTOMOTIVE AFTER MARKET FRANCHISE RESALE
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Asking Price: |
$229,000
USD USA Dollars
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Business for Sale Industry: |
Auto & Mech: Retail
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Reason for Selling:
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Reduce Workload |
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Year Established:
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1988 |
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# of Employees:
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3 Full Time / 1 Part Time |
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Yearly Revenues:
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$415,000 |
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Yearly Cash Flow:
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$95,000 |
Business for Sale Overview:
The long time owner of this successful automotive after market franchise has just had a milestone birthday and has decided to slow down. Part of the process includes reducing his stable of automotive after market businesses and as such he is offering this very attractive business for sale.
Under the banner of an established, successful, respected, and well known regional franchiser, this ideally located franchise operates out of an attractive 4,800 square feet facility (in excellent condition) with street frontage and direct access from one of two of Grand Rapids major thoroughfares. The real estate is available for purchase separately for $649,000. Payments on an 80% mortgage would actually be less than the current rent so a serious buyer should consider the real estate purchase along with buying the business.
This successful business regularly records revenues between $400,000 and $500,000 with an annual cash flow around $100,000. The attractive $229,000 price tag for the business includes all assets, inventory, the franchise transfer fee, and two weeks of franchiser provided training at the business. In addition, to help a serious, enthusiastic, and under-capitalized buyer (buyers do not need mechanical skills, just good business sense and a desire to make money), the seller will offer meaningful seller financing.
Property Features and Assets:
4,800 square feet building available for lease or purchase.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for 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.
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