Prime Auto Repair, 67% Proj. Return On Investment

Joliet, IL
Will County


Asking Price: Annual Revenue:
$625,000 $1,716,900

Automotive & Boats: Auto & Truck Repair & Service


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RE: Prime Auto Repair, 67% Proj. Return On Investment Broker: Blue Stone Business Group

Quick Facts

Asking Price: $625,000
Annual Revenue: $1,716,900
Net Profit: Not Disclosed
Cash Flow: $380,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1988
Employees: 9
BBN Listing #: 396855583
Broker Reference #: mrt.illinois

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Business Overview:

THIS IS A TOP BRAND AUTOMOTIVE REPAIR Franchise Resale. Company SELLING For ONLY 1.6x Cash Flow (2021 cash flow). This location is a full-service center specializing in computer diagnostics, transmissions, air conditioning, brakes, engine maintenance, heating/cooling, steering/suspension, fuel system, oil change. etc. An excellent staff and a huge customer base will make your transition into the business easy. As an owner, you will not work on cars and you do not need a background in the automotive industry to succeed in this business.

POSSIBLE DEAL STRUCTURE AND RETURN ON YOUR INVESTMENT(ROI):
Projected Return on Investment: 67% (*based on 2021 cash flow)
• Total Purchase Price: $625,000
• Down payment: $125,000
• Current SDE (cash flow of the business):$380,000 (2021 cash flow)
• Amount financed: $500,000
• Debt service per year (annual note payment): $76,005 (10 year at 9.00% approx)
• SDE less debt service: $303,995
• Assume new owner wages a year: $220,000
• Remaining SDE (cash flow) after owner wages and paying annual debt service:$83,995. So even after paying your debt service each year and taking out $220,000 in a wage you should still have $83,995 to do with as you wish, pay down debt early, take it out in additional wages or go to Vegas!
• 67% Annual return of investment on your injected capital/down payment each year. A great year in the stock market would be 15% to 20% and the average is about 7%. The assumption for this model, is that you actually work in the business similar to the way the current owner does now. Clearly in the stock market you would not be working in the company you held stock in.
• This scenario does not include working capital. Likely to be secured with a bank as part of your loan package, if qualified.
• Important: Do not take our word for it on the investment information, call and meet with your accountant and make sure they agree with the outline above. Do not make any financial investment into this business where your money could be at risk until you agree with your financial advisor’s opinion and are comfortable with the seller’s presented numbers.

HIGHLIGHTS:
*Long Established Business - Est. 1988
*5250 sf; 12 Bays
*Managers & Techs - Solid Crew
*Prime Location - Easy Access From Busy Street
*Long History of Success
*Great Sales & Cash Flow (3 Year Average*)
*Business That Gives You Freedom With Flexible Regular Working Hours
*M-F Hours. No Nights. No Holidays. Schedule Is Not Dictated By The Business - Managers Can Open/Close For You - Your Family Life Won’t Suffer – (If You Choose To Pay A Manager)
*As An Owner, You Will Not Work On Cars
* Owners Are High Level Senior Decision-Makers - Managing a Great Team of Techs and Building Relationships In The Community
*You Do Not Need Experience Or A Background In The Automotive Industry To Succeed
*Training/Support Provided.
*Low Inventory
*Low Number of Employees

Sales/Cash Flow stated by seller. *2021 sales/cash flow. All information, data, financials, financial information, sales, cash flow, appraisals, valuations, real estate, inventory, furniture, fixture, equipment, lease options, etc. must be verified with the seller and buyer’s own professional advisors, CPA, etc.

Always confirm all data with the seller and your own advisors before putting any money at risk. This is a confidential sale. Location has employees, vendors, customers. A non-disclosure agreement and some brief buyer information is required.

CONTACT US TODAY For the short Online Non-Disclosure Agreement.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Modern, well-established franchise resale center. Managers, trained techs. Plenty of parking. Easy access from a busy street. 5250 sf; 12 Bays.

Market Competition and Expansion:

This brand offers a recognized and proven brand in the automotive aftermarket industry. As a franchise owner you enjoy the benefits of being your own boss, being a respected business owner in your community and equity in owning a franchise business. For more than 40 years, this brand has been providing the highest quality automotive maintenance and repair service, providing complete auto care for imports, domestics, trucks, cars, 4x4’s and vans. The service centers offer nearly any service your vehicle needs.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise resale opportunity.

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