Location: Alameda County
Listing ID: 03302001
Never before has there been a better time to BE YOUR OWN BOSS in the multi-billion dollar automotive service industry.
This well-established nine-bay auto center is in the top 1% ranking in sales in a nationally recognized brand, and one of the world’s largest providers of automotive service, offering total car care including brakes, express oil changes, exhaust, scheduled maintenance, tires, steering and suspension services.
Sales have averaged $2,087,500 over the past three years, with average Cash Flow of $407,000, affording an Owner/Operator a lucrative salary after financing payments.
Highly profitable turnkey operations already have the equipment, inventory, and well trained employees in place. The Seller is currently semi-absentee and focused on other business ventures. With existing sales that are nearly three times the national average for this franchise brand, the Business represents a truly rare opportunity for even further growth for an active Owner/Operator.
Located a short distance from two major Bay Area interstates in an affluent area of Alameda County, CA, this Business offers a buyer a unique opportunity to control your own destiny and realize your dreams of owning a respected business in the community. The national franchise benefits from high brand awareness, exceptional advertising, and 60+ years of experience in providing training and support systems to franchisees that are geared towards business success.
The Asking Price for this highly-profitable Business is $1,800,000, plus $35,000 in inventory. The Business is pre-qualified for 90% Bank/SBA financing for 10 years.
Under the new CARES Act passed by Congress, the SBA may provide funding for the first six months of bank payments, subject to buyer qualification, closing by September 27, 2020, and other SBA guidelines. This program of providing free bank payments for the first six months is a great benefit for a buyer acquiring a business this summer. As an essential business, this full service auto center remains open with concierge and drop-off service.
Total Sales: $2,103,500
Cash Flow: $402,700
Reason For Sale:
Focus on other business interests.
Training & Support:
Classroom and on-line training is provided by Franchisor per the FDD. Additional 20 hours training and several months of telephone consulting would be provided by Seller. Franchisees benefit from complete training and marketing support and a franchise leadership team committed to long-term franchisee growth. Prior automotive background is not required.
Broker No.: DRE#01488246
Year Established: 1981
Square Footage: 5,000
Auto repair center is a nationally recognized brand and one of the largest providers of auto service, offering total car care including brakes, express oil changes, exhaust, scheduled maintenance, tires, alignment, steering and suspension services. Extensively equipped, nine-bay prototype building (5,000 square feet) with attractive customer waiting area, plenty of storage space, and large parking area.
There is limited national brand competition in the area. The national franchise benefits from high brand awareness, exceptional advertising, and 60+ years of experience in providing training and support systems to franchisees that are geared towards business success. Benefit from strategic alliances on the supply side and effective advertising campaigns to maximize your business.
Significant growth potential to an energetic entrepreneur through expanding car counts and diversification of services, including scheduled maintenance, tires, fleet sales, etc. Qualified dealers may seek expansion through multi-unit ownership.
Qualifies for 90% bank/SBA financing for 10 years.