Auto Service Center Midas

Not Disclosed, NM
San Juan County

Asking Price: Annual Revenue:
$125,000 $400,241

Automotive & Boats: Auto & Truck Repair & Service

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RE: Auto Service Center Midas Broker: Joe MacGuire

Quick Facts

Asking Price: $125,000
Annual Revenue: $400,241
Net Profit: Not Disclosed
Cash Flow: $82,000
Total Debt: Not Disclosed
FF&E: $105,000
Real Estate: $630,000
Year Established: 1996
Employees: 3
BBN Listing #: 59794955
Broker Reference #: 7503-14339

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Business Overview:

Well established Midas Auto Repair service facility offering full service repairs for cars and light trucks, full alignment lift, brake inspection, brake repair, custom exhaust, muffler repair, quick lube, tires, diagnostic, check engine light, belts, hoses, lights, wipers, air conditioning service, steering, suspension, batteries, starter, charging, radiator, cooling, performance enhancements - all auto repair needs.

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Property Features and Assets:

Large 13 bay 9500 sq ft stand alone building on a 39,210 sq ft (.95 acre) zoned Industrial lot on a major street. The building is located in a mature, non residential portion of town with direct access to a major street. Five year lease with a five year option to renew, or the building and land are available for purchase for $630,000 subject to mutually acceptable commercial appraisal. Assets= $125,000

Market Competition and Expansion:

Competition from the other franchise auto repair and service facilities in the area. Midas retains the reputation for exhaust repair in addition to general automotive repair. That reputation, combined with strong regional and national advertising assure great brand recognition. This shop has one of the few alignment systems in the area which separates it from the other tire repair facilities in the area. Midas franchisees enjoy discount for parts and equipment, enhanced warranty support, a national training program for managers as well as technicians and standardized procedures that are proven to work and be profitable. The business is located in a growing city and is ready to grow with new ownership. The 2010 Census of San Juan County and the four corners area counted 130,044 residences and 45877 in the city itself. The area has experienced steady growth for the past 40 years. The city enjoys one of the highest per capita incomes for New Mexico. Oil, gas and coal are strong industries in the area. Sales tax revenue is up and there is a general feeling of economic optimism in the area. The economy is anchored by the local medical community, hospital, college and Connie Mack Baseball.

Reason for Selling:

Owner ready to retire.

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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