PennDot Franchised Cash Auto Service Business

Not Disclosed, PA
Bucks County

Bucks County


Asking Price: Annual Revenue:
$230,000 Not Disclosed

Automotive & Boats: Auto Retail - Auto Parts


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RE: PennDot Franchised Cash Auto Service Business Broker: Richard Collins

Quick Facts

Asking Price: $230,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1999
Employees: Not Disclosed
BBN Listing #: 953155492
Broker Reference #: 45783-660342

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Business Overview:

This business is a state registered business that provides Vehicle Titling and Registrations, Driver Licenses, State ID Services and Notary Service.
The store is hardwired directly into the Department of Motor Vehicles computer system which allows the business to issue products related to driver's licenses, registration, license plates and titles instantly over the counter eliminating or shortening the wait time of mailing in the applications to the DMV for processing. To maintain the privileges of offering these services for the State the employees are trained regularly on the PennDot regulations and standards as well as having the ability to process the work without errors and must pass background checks annually. Most of the employees have been with the firm for 10 years or more and are highly qualified, knowledgeable and professional.
What makes this business even more interesting is PennDOT is contractually required to refer its customers to the closest location that provides services that PennDOT doesn't provide itself. The owner has brilliantly set up his business as close to PennDot as possible.
Besides the services currently offered there are many others that could be offered given the agreement with the state. Services such as issuing apportioned plates for tractor trailers given the business the opportunity to partner with tractor trailer companies to expedite their plate issuance.
This business is highly reputable and respected and has proven itself to be one of the top PennDOT authorized agencies in the State. With all this business provides, plus the endless opportunities its relationship with the state offers, the business will continue to grow and prosper for years to come.

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Market Competition and Expansion:

Since PennDOT is contractually obligated to send customers to the closest authorized location for services it doesn't supply this business will get all the referrals from PennDOT. People could always choose to travel further to do the same but how likely is that.

Reason for Selling:

retiring

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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