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Meineke car care center

KY

Seller Financing Available

Asking Price: $275,000

Gross Income: $666,500

Cash Flow: $133,795

EBITDA: N/A

FF&E: $95,000

Inventory: N/A

Real Estate: N/A

Established: 2003

Employees: 6

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Business Description

This major franchise is a globally recognized brand and is one of the world largest providers of automotive services. These services include brakes, exhaust, maintenance, tires, steering and suspension . This Meineke ranks in the top 25% in the nation. A perfect location for a father-son team or individual ownership. Bank financing currently in place for a qualified buyer. Meineke is approved by the SBA and VetFran programs. The VetFran is a voluntary program for military veterans to become a franchisee with reduced costs. American Automobile Association [AAA] approved facility. Long-term lease in place with monthly payments of $3,700.00 . Payroll cost is running 18 to 20% [this figure exceeds Meinke norm]. This business has a history of growth in volume and profitability. This has been a banner year for growth and profit.

Detailed Information

Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Existing operations with five bays, inventory and employees in place. Up to date computer diagnosis program. Long term lease in place. Equipment has been updated on a ongoing basis.
Competition:
Business is located on major bypass with heavy volume intersection within two blocks.Large sign makes for very good visibility.
Growth & Expansion:
Business has a proven record of increasing sales along with strong national and local advertising-- insures a continuing growth. Large truck lift could be added to produce major additional revenues. A father-son partnership will provide the management tool to produce a major expansion in a orderly manner.
Financing:
Bank financing currently in place for qualified buyer.
Support & Training:
Franchise provides four weeks of training in company headquarters. Franchise has 800 tech line & additional online training. Current owner will support a portion of the training costs to qualitified buyer.
Reason for Selling:
Retirement

Listing Status for Premium Members

Ad#: 577864

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Charles Marra

Business Listed By:
Charles Marra

CCM & Associates

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