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Business For Sale
AUTOMOTIVE AFTER MARKET FRANCHISE RESALE
Attn:
Mike Greengard
West Michigan Lakeshore, MI, USA
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Listing Number: "N350-MG"
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Listing
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Asking Price: |
$179,000
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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Lighten his workload |
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Year Established:
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1997 |
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# of Employees:
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3 Full Time |
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Yearly Revenues:
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$350,000 |
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Yearly Cash Flow:
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$70,000 |
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 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 3,360 square feet facility (in excellent condition) in a fast growing West Michigan Lakeshore community. The facility, located on West Michigan’s premier north-south thoroughfare, is available for purchase separately for $449,000. Payments on an 80% mortgage would actually be about 20% less than the current rent so a serious buyer should consider the real estate purchase as well.
Revenues for this business have been consistently around $335,000 the past several years; however, in the first quarter of 2008 revenues have increase 10% from first quarter results from previous years, and the business is now tracking to record a high five figure cash flow on over $350,000 of revenues.
The attractive $179,000 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:
Auto, after market, franchise, resale, retail, service, part.
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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