55% Profit Popular Windshield Repair Franchise

Grand Island, NE (Hall County)

Seller Financing Available
The Firm Business Brokerage

Asking Price:$79,000

Cash Flow:$35,957

Gross Revenue:$64,546

EBITDA:N/A

FF&E:$3,300

Inventory:N/A

Established:2008

55% Profit Popular Windshield Repair Franchise

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Business Description

Description
Home based business with 8-county service area and lots of growth opportunities! 80-90% of clients are consistent insurance referrals, and this business also serves private individuals, car lots, and performs preventative maintenance for fleets and transportation companies. Currently, the business only completes mobile chip repair, with each repair only taking approximately 20 to 30 minutes. The franchise can expand services in a number of ways including windshield replacement, truck bed liners, scratch removal, plastic polishing, headlight renewal, and wiper blade replacement.

This well run franchise provides immediate credibility, a wealth of continually updated resources, and an existing large referral base that provides long-term financial stability needed to maintain and grow operations. The cost of a new franchise for this company ranges from $34,070-$229,295 for a new franchise, and the owner would have to have $50,000 minimum net worth and 25% of total initial investment in liquidity. This franchise is considerably easier to get into and requires much less starting capital.

In the first year, after debts and expenses are paid, a buyer can expect to make an income of $23,173, a 293% return on investment of their $7,900 down payment.

Business Information
Years in Business: 8 Years current owner, 40 years total
Location: Central Nebraska
Service Area: Adams, Boone, Greeley, Hall, Hamilton, Howard, Nance and Merrick Counties, NE
Lease: Home Based Business
Reason for Selling: Moving out of town to be with family
Employees: Owner/Operator
Hours: 8-5 Mon. - Fri.
Seller Training Period: 1 week franchise training plus negotiable personal assistance
Client Base: Commercial: car lots, fleets, busses
Consumer: Insurance referrals, call-in’s
Service Provided: Mobile chip repair
Growth Opportunities: Windshield replacement, truck bed liners, scratch removal, plastic polishing, headlight renewal, and wiper blade replacement
Current Owner’s Responsibilities: Windshield repair, scheduling, light administrative

Financial Overview
List Price: $79,000
Gross Sales
2015: $64,546 (80-90% insurance referrals)
2014: $63,419
Owner Profit/Cash Flow
2015: $35,957
2014: $36,395
Profit Margin: 55%
Multiple: 2.2 *Multiples range from 1-5, with the average being 3
Valuation: [2015] Cash Flow x Multiple = Price
$35,957 x 2.2 = $79,105

Assets Included in Purchase: $3,300
Equipment: $300
Vehicles: 2006 Ford Escape $3,000
Intangible Assets: Word of mouth reputation, website with referral, well maintained social media
Franchise Startup Fee: Ranges from $34,070-$229,295 for a new franchise, owner would have to have $50,000 minimum net worth and 25% of total initial investment in liquidity

*amounts may vary

Funding Example
Purchase Price: $79,000
10% Buyer Down Payment: $7,900
15% Seller Financing: $11,850
75% Bank Loan: $59,250

In the first year, after debts and expenses are paid, a buyer can expect to make an income of $23,173, a 293% return on investment of their $7,900 down payment.

Attached Documents


Detailed Information

Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Location: Central Nebraska area
Growth & Expansion:
Growth Opportunities: Windshield replacement, truck bed liners, scratch removal, plastic polishing, headlight renewal and wiper blade replacement
Financing:
15%(=$11,850)
Support & Training:
Seller Training Period: 1 week franchise training plus negotiable personal assistance
Reason for Selling:
Moving to be with family
Franchise:
This business is an established franchise

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Cortney Sells

Business Listed By:
Cortney Sells

The Firm

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