National Auto Repair Franchise in Monroe, NC

Monroe, NC (Union County)

National Auto Repair Franchise in Monroe, NC

Asking Price:$225,000

Cash Flow:$85,000

Gross Revenue:$360,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Rate/Sq. Ft.:N/A

Established:1990

National Auto Repair Franchise in Monroe, NC

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Business Description

National Auto Repair Franchise Business located down the street from a busy regional indoor shopping mall in Monroe, North Carolina.

This top national auto repair franchise is known in the auto industry for its quality professional service and this particular location has had years of consist income. The seller is relocating and is prepared to supply training. The business building site consists of 6 bays w/ 5,500 square feet.

The franchise also supplies a full menu of repairs for any vehicles. With locations throughout the US and Canada, you can be confident on the product and service. The sale requires franchise approval and a franchise agreement. The sale includes lifts, computers, a full menu of equipment required for this particular business. An itemized list is available upon request.

The building can accommodate 6 vehicles. The service center has a customer waiting area, an office on the main floor, and a large office area on in the back of store, storage building, & soda vending machine. The business site has a 18 car private parking area. The business is active six days a week, closed Sunday with hours M-F from 7:30am to 6:00pm and Saturday from 7:30 am to 4:00 pm.

The sale offers a long term commercial lease (triple net with leasee responsible for taxes) with a current monthly base rent of $1,500. The business has 2 employees who are unaware of the pending sale and are expected to remain post-closing.

The business has gross annual sales of $360,000 and could provide an owner operator with a yearly net income of $85,000*.

Asking $225,000 w/inventory of approximately $20,000. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only.

*The cash flow listed in the financial sections are based on adjusted financial statements that assume an owner operator who runs the shop as the store manager. Financial statements are available upon request, though we require a standard non-disclosure agreement to be signed.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
2
Facilities:
Included in asking price.
Competition:
Seller will supply a non-compete agreement and franchise will supply a distance requirement.
Growth & Expansion:
Potential growth with Fleet & Commercial accounts. With continued good service the business will maintain solid income.
Support & Training:
Seller will provide on-site training after purchase, assist in securing retention of employees and transfer of supplier relationships, provide on-call telephone assistance after completion of training and sign a no competition agreement.
Reason for Selling:
Relocating
Franchise:
This business is an established franchise

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Business Listed By:
Ronald Strag

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