Midas Service Center, Top Performer!
Not Disclosed, OH Trumbull County
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- RE: Midas Service Center, Top Performer!
- Contact: Bill White
Quick Facts
| Asking Price: | $1,399,000 | |
| Annual Revenue: | $1,813,440 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $406,233 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $440,946 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1958 | |
| Employees: | 7 | |
| BBN Listing #: | 1016635 | |
| Broker Reference #: | 4301-19645 |
Business Overview:
Looking for a profitable service center with an experienced team in place and real capacity to grow? This Trumbull County Midas franchise fits that description, with revenue that has climbed from $1.4 million to $1.8 million in the past few years and an experienced General Manager already running day-to-day operations.
Earnings now exceed $400,000, generated from a broad, diversified mix of everyday repair and maintenance services. That performance rests on decades of loyal, repeat customers and a reputation built on brand strength and local word of mouth.
The facility spans approximately 4,000 square feet with six service bays and six lifts, located in a high-traffic, highly visible market area, and operates under a lease with significant remaining term.
The sixth bay has not yet been staffed, meaning the company has room for growth! Current numbers have been achieved with minimal local marketing, limited social media presence, and without discount programs, leaving opportunity to increase revenues in the coming years.
Opportunities for financing should be discussed with the broker. DO NOT CONTACT the owner of this business directly
Contact the Seller:
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.
Property Features and Assets:
A 4,000-square-foot shop with six service bays and six lifts in a high-traffic, highly visible location, operating under a lease with significant remaining term.
Assets = $475,093
Market Competition and Expansion:
This service center is top dog!
Staffing the open sixth bay, adding local marketing, and optimizing pricing all offer near-term upside without expanding the facility.
Reason for Selling:
Retirement. Kindly ask the seller for more information.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
Relevant Links:
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