Business For Sale

Auto Service - Excellent Bus. for First Time Buyer

Not Disclosed, TX

Asking Price: Annual Revenue:
$975,000 $782,738

Automotive & Boats: Auto & Truck Repair & Service

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RE: Auto Service - Excellent Bus. for First Time Buyer Broker: Don Wendel

Quick Facts

Asking Price: $975,000
Annual Revenue: $782,738
Net Profit: Not Disclosed
Cash Flow: $69,230
Total Debt: Not Disclosed
FF&E: $145,000
Real Estate: $550,000
Year Established: 2016
Employees: 8
BBN Listing #: 21534955
Broker Reference #: 6001-14233

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Business Overview:

Murphy Business & Financial Corporation of Texas is pleased to present to the buying community, two Midas Auto Repair Franchise locations, just west of the Dallas Ft. Worth area. The Midas Auto Repair Franchise is one of the best-known and most-trusted automobile brands in the world. Since 1956, they’ve been a dominant force in the tire and auto repair industries, with more than 1,000 auto repair stores in the United States and more than 2,000 worldwide. Midas offers complete auto care. Whether it’s time for a factory recommended maintenance visit, a routine oil change, new tires, or repair services on brakes, muffler and exhaust, suspension, air conditioner, or any other mechanical or electrical component of your car, Midas is ready to serve its customers.

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Property Features and Assets:

Commercial Real Estate property, one story automotive service facility; 7,000 square feet in size, located on .0654 acres. Valued at $550,000 Assets= $777,000

Market Competition and Expansion:

Midas is an iconic, trusted brand in an industry where customers reward trust with long-term loyalty. That’s why it’s no surprise that Midas auto repair shops, on average, significantly outperform our competition. We’ve evolved a lot over the years. We started in 1956 by selling the best muffler on the market and offering a lifetime warranty. Our excellent products, services, and warranties helped us build a strong reputation as an auto repair shop that stands behind the quality of its work. That reputation has continued as we have expanded into total car care, and it’s a major reason why our median franchises had average revenue of $620,760 in 2013, as outlined in our 2014 Franchise Disclosure Document. That is 33% higher than the industry average for a general repair garage according to the Automotive Aftermarket Industry Association. The Midas name brings in customers, and Midas systems help you serve them in a way that keeps them coming back. The Midas Brand is strong and growing your business will be aided by their advanced marketing, service oriented philosophy and market presence will assist in the growth of these two locations. The "upside" to this business opportunity is that an owner - operator with a hands on approach will increase profitability. "No one runs a business better than an owner."

Reason for Selling:

Health Reasons / 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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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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