Established Norfolk Auto Repair

Norfolk, VA
Norfolk City County


Asking Price: Annual Revenue:
$125,000 $300,000

Automotive & Boats: Auto & Truck Repair & Service


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RE: Established Norfolk Auto Repair Broker: Blue Stone Business Group

Quick Facts

Asking Price: $125,000
Annual Revenue: $300,000
Net Profit: Not Disclosed
Cash Flow: $55,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2014
Employees: 3
BBN Listing #: 937755583
Broker Reference #: me.va.norf

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Business Overview:

This is an Established Top National Automotive franchise (resale). The company specializes in brakes, transmissions, tune-ups, oil changes, etc. This is a great lifestyle business - with flexible, family-friend operating hours - no nights and no holidays. Personal issues are driving the sale and the seller is motivated.

Take a look at the Upside: If you come at this from a start-up from scratch point of view (A location with Zero sales and no customers)....With a start-up from scratch, the owner will end up having $250,000 to $450,000+ (depending on size of the center) of hard money out in franchise fees and working capital Just to get the business up to the breakeven point. Let’s say that another way…Before the business puts $1.00 of Profit into the owner’s bank account, an owner would have about $250k-$450k+ Spent ---And---about 2 years of their life! If you can buy this location for about the price this is selling for you have absolutely scored big. It is sad that the seller is in this situation, but none of us can control the way life plays out. Take advantage of a good deal - It probably won't last long.

The business needs an owner/operator, inside at the wheel, who can roll up their sleeves, oversee the center on a daily basis, and execute the marketing. We know that this franchise brand’s locations typically see an average annual sales of about $708k. We see about 15%-20% of sales, which is about $106k-$140k a year going into the owner's pocket in this industry, if the owner is running it properly. *Important, Don’t take our word for it, do your own research to prove this out, speak to the franchisor, and your own advisors, but we feel you’ll come to the same conclusions that we do.

As an owner, you WILL NOT work on cars. Our Owners are high level senior decision-makers who build relationships in the community, and lead a team of highly skilled technicians. You DO NOT need experience or a background in the automotive industry to succeed, as the franchise training is state of the art and comprehensive.

A buyer should have approx. $85k or more in available capital as well as a minimum of $250k in net worth which is required by the franchise brand.

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Gross Revenue and Cash Flow stated by seller. All information, data, financials, valuations, appraisals, real estate values, etc. must be verified with the seller and buyer’s own professional advisors, CPA, etc. Buyers should always verify all information with the seller and their own independent advisors before putting any money at risk. No brokers, students or anyone under 18 years of age, please. Not an absentee operated business.

Sale is confidential. NDA required.

CONTACT US. We will email you the short electronic NDA within a few minutes of your inquiry. Be sure to check all of your in-box folders, including junk/spam folders.

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:

Well-Established. Clean operation. Trained technicians. State of the art equipment. Easy access from busy street. High traffic, High volume and visibility area. Plenty of space and parking.

Market Competition and Expansion:

Marketing, advertising, build fleet accounts, attend trade shows, diversify services, own multiple centers.

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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