Est & Turnkey Lube Franchise - Absentee Owner

Redmond, WA
King County


Asking Price: Annual Revenue:
$149,000 $517,534

Automotive & Boats: Auto & Truck Repair & Service


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RE: Est & Turnkey Lube Franchise - Absentee Owner Broker: David Smith
Owner Financing is Available!
80% down strictly a case by case basis

Quick Facts

Asking Price: $149,000
Annual Revenue: $517,534
Net Profit: $60,000
Cash Flow: $60,000
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 1986
Employees: 7
BBN Listing #: 513351531
Broker Reference #: dspenred

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Business Overview:

Nonfood quick lube franchise that is profitable and turnkey. Has a 30-year customer base built up for you. The owner is absentee but this business could be owned by a semi-absentee owner or owner-operator. This is one of the better investment opportunities in the market. It’s a major name in the industry of oil change type businesses. Established high traffic location with 300,000 cars passing this storefront weekly. Another good fact not to let slip by you is competition on this business is extremely limited as in only just one other franchise oil change place in town and for someone else to open up any similar type business the answer is “NO” according to the city and the county. That’s good stuff as you can pretty much have this whole pie for yourself.
This business fits the bill for so many types of investors if you are an investor who just wants to manage the work crew and not get dirty or the other end of the spectrum, you’re a mechanic type person or who likes to think of themselves as one. This is a perfect fit and you could dabble in the auto work with the comfort of knowing you have a solid and stable and profitable living coming in from the oil changing business. It should be noted that this business just recently added a car lift to the shop so additional services may be added such as brake and axle service etc.. So you can dabble a lot if you want or hire a mechanic and take the net take-home pay well into six figures. I’m pretty sure that didn’t slip by you.
This business is not like a lot of restaurants and the like as you’re always fighting to keep your customers coming back. This business your customer base keeps coming back every few months. And you have their contact information, so what could be a better marketing tool? Currently operated by 3 full-time and 4 part-time employees. Simple to learn and simple to operate all the training will be provided. Has 4 drive-thru bays and about 1800 square feet. The owner says he nets about $60,000 a year from this business as an absentee owner. So an owner-operator or semi-absentee owner and or perhaps adding a few more simple services to the game plan the new owner can be netting well into a six-figure income. So this is definitely one of the cleaner business buys on the market, give us a contact for more information. About $20,000 worth of invinetory on hand.

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Property Features and Assets:

The monthly lease is $5,078 with the triple net included. The current lease expires in 2028 but the landlord willing to give long term lease to a new owner. About 1,800 square feet with 4 drive-thru bays. Has 12 steel oil tanks 500 gallons each with airlines to pump oil. Located on high traffic main street with great signage and visibility. Open 7 days a week from 8 AM to 7 PM. To build a business like this from scratch it would cost you about 1.2 million dollars and you would not have any customer base or goodwill built up. So you can what a great deal this is for the asking price.

Market Competition and Expansion:

Competition in this business is extremely limited as in only just a few places in town and for someone else to open up any similar type business the answer is “NO” according to the city and the county. That’s good stuff as you can pretty much have this whole pie for yourself. Lot’s of solid money ways to expand these profits starting with an owner-operator in place as labor costs would go down. It should be noted that this business just recently added a car lift to the shop so additional services may be added such as brake and axle service etc.. you can do the work or hire a mechanic and take the net take-home pay well into six figures. These are very tangible money-making moves.

Reason for Selling:

Seller wants to move out the state

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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