Long Established Oil & Lube Business, With Property, For Sale!

Business Overview:

This business, located in Pueblo, CO., is engaged in the sale of oil, filters, and lubrication and provides installations and changes, or 'quick lubes', for automobile owners. It was established 39 years by the family that still owns it and it has a long history and reputation for both its quality products and service levels. Revenue has averaged almost $500,000 per year since 2019 and Sellers Discretionary Earnings averaged $42,685 over the same period. An important driver of success for lube shops such as this is a good location and this business is in a great location!The facility, on one third of an acre, and 2,101 square feet, was purpose-built for this business when it opened in 1984 and includes two drive-through bays. The land and the building are included in the Asking Price of $910,000. For over 20 years, this business has operated successfully with an absentee-owner arrangement. A new owner could do something similar or, alternatively, get involved in the daily management to focus on future growth opportunities. The opportunity to buy this business and the property could be attractive to individuals in the automotive industry looking for that first chance to run and operate their own business or existing operators looking to expand. It could also appeal to someone attracted by it's excellent busy avenue location who might want to convert the space into other uses.The business has done well under the current absentee-owner arrangement but could benefit from an new buyer who is more fully engaged in driving and growing the business on a daily basis.

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Market Competition and Expansion:

Given the excellent location of the business, certain buyers outside of the automotive industry might consider this to be an excellent opportunity to convert the facility into something entirely different.Competition includes national chains and franchises as well as independent, local operators. A key competitive advantage in this industry is a good location which this business has!

Reason for Selling:

Owner is retiring.

Additional Details:

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