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Asking Price:	$300,000 USD USA Dollars
Business for Sale Industry:	Auto & Mech: Retail
Reason for Selling:	Semi-Retirement
Year Established:	1992
Yearly Revenues:	$413,341
Yearly Cash Flow:	$98,055
Yearly Gross Income:	$413,341

Business for Sale Overview:

Opened in 1992, this franchise offers state-of-the art auto and small truck diagnostic and repair services. This location is very profitable, with a cash flow of over $90K per year. There are 5 bays and 4 hoists on the premises., plus a tow truck, which is included. Mechanical ability is not required. The franchisor is local and very helpful. Training and transfer fees are required.

Property Features and Assets:

The business resides in a 2,500 sq. ft. space with a rent of $3,000 per month. Inventory of $10,000 is included in the asking price. Additionally, FF&E totaling $119,000 includes office furniture, a tow truck, displays, mechanical equipment for bays. Sale excludes mechanics (employees) tools and diagnostic equipment and sellers personal items (to be identified at showing).

Market Competition and Expansion:

There are many auto repair business in the area, but few have the quality of service for the price. The seller has a great reputation for doing just the work that needs to be done or exactly what the customer has requested, which the customers respect tremendously.Local advertising should provide a good growth opportunity for this business. The current owner has reduced local advertising in recent years, relying on repeat clientele, word of mouth, and franchisor advertising to produce the revenue for the last few years. The most successful Auto Lab locations advertise heavily in the immediate market, which is a great opportunity for growth at this location. Each bay can generate in excess of $150k in revenue.

Additional Details:

• The property is leased.
• 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.