Valvoline Instant Oil Change

Wilmington, NC (New Hanover County)

Valvoline Instant Oil Change

Asking Price:$450,000

Cash Flow:$67,000

Gross Revenue:$979,883

EBITDA:N/A

FF&E:$84,400

Inventory:$29,120*

Established:2006

*not included in asking price.

Valvoline Instant Oil Change

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Business Description

Two Locations in Wilmington & New Bern, NC

New management over the last two years has grown gross revenues by 30%, increased the number of oil changes per day by 5, while increasing the average ticket price by $10. Both locations in prime high traffic flow areas in each respective city. Staff fully trained and experienced, perfect for an absentee owner. Internal controls in place for containing costs. Owner Discretionary income app. $66.8K

Detailed Information

Inventory:
Not included in asking price
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Both facilities have been maintained at a premium level and are showcase clean. Each location has three bays. New ATF machines installed in 2014 at each location. Inventory app. $29k and equipment $84.4K. Lease terms are favorable for ownership transition.
Competition:
Closed competitor is approximately 2 miles. Both locations currently employ latest promotional programs offered by VIOC. High standards and quality of service has established both locations with strong community goodwill and repeat customers.
Growth & Expansion:
Though growth over the past two years has been significant, the demagraphics of the area would allow for continued growth without adding more personell.
Support & Training:
Valvoline is one of the leaders in Franchise support and training. Intensive offsite training prior to taking over coupled with on going support. Great businees tracking tools for monitoring sales that can be downloaded to a mobile app.
Reason for Selling:
Owner has purchased another business requiring a majority of his time.
Franchise:
This business is an established franchise

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Business Listed By:
Terry Smith, CPA

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