SOLD Similar Listing May 8th: Fast Lube and Auto

Austin, TX
Travis County

Asking Price: Annual Revenue:
$1,550,000 $713,274

Automotive & Boats: Auto & Truck Repair & Service

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RE: SOLD Similar Listing May 8th: Fast Lube and Auto Broker: Wayne Campbell

Quick Facts

Asking Price: $1,550,000
Annual Revenue: $713,274
Net Profit: Not Disclosed
Cash Flow: $170,775
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1979
Employees: Not Disclosed
BBN Listing #: 823343277
Broker Reference #: 8455-64472

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Business Overview:

Fast Lube and Automotive Maintenance

Well known oil change business available in Austin Texas! Located on a highly travelled road, the business is highly profitable and growing (gross profit up 25% this year!). It owns its real estate and there multiple opportunities for service expansion (carwash, etc.). Top notch managers and technicians make this a great candidate for absentee ownership.

The current owner has other business interests to pursue and is seeking the right purchaser to build upon this solid business. Third-party financing available for qualified purchaser.

Price: $1,550,000 (including Real Estate and FF&E appraised at $1.25 million)

Revenues (2016 annualized): $713,274

Net income: $170,775 (Discretionary Earnings)

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Reason for Selling:

Other business interests.

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 not a franchise resale opportunity.

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