Business For Sale

Midas Auto Repair Franchise - Fort Worth TX

Fort Worth, TX
Tarrant County

Business/Residential Community NE of Fort Worth TX

Asking Price: Annual Revenue:
$250,000 $600,999

Automotive & Boats: Auto & Truck Repair & Service

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RE: Midas Auto Repair Franchise - Fort Worth TX Broker: Stocker Travis

Quick Facts

Asking Price: $250,000
Annual Revenue: $600,999
Net Profit: Not Disclosed
Cash Flow: $95,908
Total Debt: Not Disclosed
FF&E: $165,000
Real Estate: Not Disclosed
Year Established: 1993
Employees: 3
BBN Listing #: 6726076
Broker Reference #: DBI1236

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Business Overview:

Opportunity to purchase established, profitable Midas auto repair facility in a thriving business and residential community northeast of Fort Worth, Texas. The Midas name is over 50 years old and is a globally recognized brand as one of the world’s largest providers of automotive services. The company has over 2,300 franchised, licensed and company owned stores in 15 countries and offers a wide range of maintenance and repair services including brake, exhaust, maintenance, tires, steering and suspension services. Industry leader in exhausts, brakes and shocks/struts and has strategic alliances for parts distribution in north America as well as attractive retail programs in tires and fleet account management. The R. O. Writer shop management and point of sale system is state of the art and is constantly evolving and improving based on customer & franchisee needs. Midas has a consistent track record of adapting and adjusting to new consumer demands with new programs and retail services as well as supporting a strict adherence to services standards for the auto repair business.

As a Midas franchisee the buyer will receive on-going orientation and training programs as well as extensive marketing and operations support. Proven support & resource systems in place from customer service training to shop management systems which include a dedicated franchisee internet site that provides access to reports, bulletins, shop and account data as well as shop training support through the Midas Learning System.

Seller will also provide on-site training after the purchase, assist in securing retention of employees and transfer of supplier relationships, provide on-call telephone assistance after completion of the training and sign a no competition agreement. Buyer must be approved by the franchiser prior to the sale and is required to complete a 3-week extensive training period at the franchise Palm Beach Gardens, Florida headquarters and pay a franchise agreement transfer fee. The current franchise agreement term is until December/2028 and the current franchise royalty is 10% of net sales except for tire sales which are 6% and battery sales which are 2%.

Business Hours Monday - Friday 8:00 am – 6:00 pm, Sat 8:00 am – 4:00 pm. 3 employees

Extremely motivated situation. Priced right to sell quickly. Owner bought the operation in April of 2016 and made substantial investment in the physical plant & equipment and initiated sound management decisions both of which doubled the sales and tripled the discretionary earnings over the previous year. The owner had his sights set on a realistic $1M annual revenue mark but was recently offered and accepted a very lucrative opportunity in the oil & gas industry which was his original career for many years. Has been running the operation on a semi-absentee basis or “hands off” basis which is proving to be more challenging than he thought. The seller is willing to look at all reasonable offers at this point. Bank financing available.

The information contained in this marketing is subject to change, corrections, or withdrawal without notice. Information provided herein has been provided by the Seller and not by Broker.

The Seller has listed this business to be sold through an asset transaction vehicle and not through a securities transaction vehicle. This is not an offer to sell securities. This is not a solicitation to sell securities.

SALE OF BUSINESS EXTREMELY CONFIDENTIAL!! Employees and customers unaware of seller’s intentions. Business to be seen as a customer only and please act like one. DO NOT CONTACT EMPLOYEES OR OWNER!! Any closer looks at the business or meetings with the owner are to be done after hours by appointment only through the broker who has all of the necessary information.

For further info contact owner’s representative Stocker Travis, Principal

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Property Features and Assets:

Approximately 5,005 sq ft, Monthly Bldg Rent $6,160 Lease expires December 28,2018

Market Competition and Expansion:

Market outlook is excellent for a promotion minded individual who can capitalize on the Midas brand and do cost effective local advertising. The current owner has done very little advertising and still has managed to grow sales revenues by 50% from 2016 to 2017. GROWTH POTENTIAL & EXPANSION - The owner has invested heavily in adding equipment and can provide a facility that has the capacity to push annual sales over the $1M threshold.

Reason for Selling:

Difficult to run operation on semi absentee basis

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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