Services - Auto Repair, Parts & Svcs

Asking Price	$300,000	Inventory	$10,000*
Gross Income	$413,341	Real Estate
Cash Flow	$98,055	Year Established	1992
FF&E	$119,000*	Employees	N/A

* included in the asking price

** not included in the asking price

Opened in 1992, this franchise offers state-of-the art auto and small truck diagnostic and repair services. This location is very profitable, with a cash flow of over $90K per year. There are 5 bays and 4 hoists on the premises., plus a tow truck, which is included. Mechanical ability is not required. The franchisor is local and very helpful. Training and transfer fees are required.

Facilities: The business resides in a 2,500 sq. ft. space with a rent of $3,000 per month. Inventory of $10,000 is included in the asking price. Additionally, FF&E totaling $119,000 includes office furniture, a tow truck, displays, mechanical equipment for bays. Sale excludes mechanics' (employees') tools and diagnostic equipment and seller's personal items (to be identified at showing).

Competition: There are many auto repair business in the area, but few have the quality of service for the price. The seller has a great reputation for doing just the work that needs to be done or exactly what the customer has requested, which the customers respect tremendously.

Growth/Expansion: Local advertising should provide a good growth opportunity for this business. The current owner has reduced local advertising in recent years, relying on repeat clientele, word of mouth, and franchisor advertising to produce the revenue for the last few years. The most successful Auto Lab locations advertise heavily in the immediate market, which is a great opportunity for growth at this location. Each bay can generate in excess of $150k in revenue.

Financing: Seller will finance $170,000 at 10% for 120 months.

Support/Training: Buyer must attend franchisor training at a cost of $5,000. Seller will provide additional training for 2 weeks for $700 per week.

Reason Selling: Semi-Retirement. Pursuing othe opportunities.