Busy Franchised Oil Change and Auto Service Business

Raleigh, NC (Wake County)

Seller Financing Available
Busy Franchised Oil Change and Auto Service Business

Asking Price:$450,000

Cash Flow:$139,831

Gross Revenue:$640,003

EBITDA:N/A

FF&E:$26,547

Inventory:$10,000

Established:1999

Busy Franchised Oil Change and Auto Service Business

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Business Description

Can be owned absentee.

This successful franchised auto service center offers a wide variety of services such as oil changes, tune-ups, state inspections, brake and A/C services as well as maintenance and repair. However, this location does not currently offer tire sales / service which is a significant growth opportunity.

This location has an average ticket of ~$67 and an average of 30 tickets per day.

This location was opened in 1999 and purchased by the current owner in 2008.

The franchise agreement renews in 2022.

Detailed Information

Inventory:
Included in asking price
Employees:
4-5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The building is on a land lease which has three years remaining plus four, 5 year extensions (23 years total). The fair market rental rate is $3000 per month. The land lease is approximately $5,000 per month. This location features 8 bays and has one, 1,000 gallon tank; two, 500 gallon tanks and one, 300 gallon tank all installed such that a catastrophic tank failure would still be contained. There are no known environmental issues on the property. The lobby has recently been remodeled. The facility is well maintained, clean and has ample parking and lighting. The building is expected to appraise for approximately $350,000. The purchase price will be determined by the actual appraised value. The land lease rent has a 5% per annum escalator.
Competition:
Competitors are generally quick service only with no full service repair capability. Each year there are fewer "do-it-yourselfers". Increasing environmental requirements make using a professional shop like this one an environmentally friendly and responsible choice.
Growth & Expansion:
The largest opportunities for growth are the addition of tires sales/service and the buyer being a full time owner/operator. Tire sales/service at other similar size franchised locations totals approximately $400,000 per year. As an owner operator the managers compensation and benefits would be added to net profit equaling approximately $77,000 per year. The current owner is in the process of hiring a salesperson that would focus on cross selling and upselling as well as fleet sales one day per week.
Financing:
Seller will provide a portion of financing to well qualified buyer
Support & Training:
Seller will provide up to 80 hours of transition support within the first 30 days post transaction.
Reason for Selling:
Owner is serial entrepreneur and has other interests.
Franchise:
This business is an established franchise

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Jeff Snell, M&AMI, CBI, ABI

Business Listed By:
Jeff Snell, M&AMI, CBI, ABI

ENLIGN Advisors

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers.

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