7 Year Old Car Service Business – Strong YOY Growth, Recurring Income
Runs on Autopilot. 90% Repeat Customer Rate. 78% Gross Profit Margins.
Founded in 2009, this highly profitable automobile service business has a 7 year track record of strong cash flows and continues to thrive in 2016 with consecutive YOY revenue growth over the past 3 years. With over 40,000+ customers since inception, this business has developed an extremely loyal customer following with over 90% of revenues coming from repeat customers due to the subscription like nature of routine automobile maintenance services.
This turnkey business essentially runs on autopilot with the owner only spending 5 hours per week to operate the business as 12 full time employees handle all aspects of daily operations. With 2 established locations already in place, this business is well positioned for continued consecutive YOY growth as the owner has perfected the formula for customer retention, which makes this acquisition opportunity a perfect fit for anyone with general business experience.
With a proven 7 year track record of reliable cash flows and strong consecutive YOY growth over the past 3 years, this high quality acquisition opportunity represents an incredible value for a turnkey business with over $550k+ in annual net profits, ensuring there is tremendous upside for overall return on investment.
6 Bay NAPA Car Care Center ...Priced to sell quickly
Busy six bay- NAPA Car Care- tire and auto repair store.
Great coastal Georgia location..(ten miles from the beach). Well equipped; upscale professional image; large residential population, large employee population, as well as heavy traffic in the three mile circle around our location. Plenty of room for expansion. Plenty of parking. etc etc etc! Only 4 years old, but we dominate our local competitors with our on-line presents on Google, Facebook, YELP, and other search engines.
Rapidly growing. Our first full year ( 2013) total sales = $234,150. 2014 = $293,946. 2015 =$393,060. 2016 -(projected after first 6 months)= $430,000 !}. We sell few tires...so these figures represents about 80% service sales. Mostly retail customers. While we've never actually marketed for commercial business, we do have several great commercial customers. There's almost limitless potential for immediate growth just by "asking" for that type of business.
The very hard and expensive work of growing a new business from start-up, to brake-even, and finally to profitability has now been done. Therefore a new owner can hit the ground running, and making money immediately!
I have been minimally involved on a day to day basis so far; and have had a former employee running things. While he has been pretty good at a few things....he has not been good at some very important things. The truth is, with a more interested, qualified, and energetic person functioning as the "face of the business"....( ie. an "A" person rather than a "C" person)...we would likely already be at $500,000 - $550,000 level of sales! I would hope a new owner would be a "A".
By the way, this is the third successful business of this kind I've built from ground up; and I promise, if I were 15 years younger, this business likely would not be for sale at any reasonable price. The opportunity here, would be hard to duplicate!
I would consider some owner-financing for a very well qualified new owner. I own the Real Estate and I'd also sell it at fair market market value; and I would finance it (once the business is fully paid for)--- with "0" down and with favorable terms....again for the "right person."
O K Look.....Cash flow from this business could buy the business itself; it could buy the real estate; AND while doing those things, it could also provide an outstanding income for the right new owner.
Note: While the auto repair business isn't brain surgery, it does presents some unique challenges to operate successfully. And while the owner doesn't necessarily HAVE to know how to "fix" today's high-tech cars...it would certainly help. The truth is, I don't know how to extract "check engine" codes; much less what they mean, or how to fix the car once found. And I've never actually chocked up a brake rotor to be turned.
My attitude (and therefore the attitude of our shop) is: "Our ONLY purpose is to help people with THEIR problems!" We do that with genuine empathy for them. We show and tell everything we do to their cars. We are absolutely honest with our customers! We try, when possible, to save them money. We never worry about our money. We know....if we help enough people with their problems...our own money will take care of itself! That does not mean, however, that we give our services away. It does however, help to explain our rapid growth so far.
This is indeed a fantastic opportunity for a well qualified energetic new owner. But, truthfully, it could be "a very hard row to hoe" for someone who is not qualified (does not know the auto repair business) or for someone who is not energetic, and does not have a genuine desire to help people with their car problems.
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Please type "Car Care questions" in the subject box. For example, you might ask: "Why in the world, haven't you marketed for commercial business..... in 4 years?"
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Midas Franchise in Hixson, TN
Franchise Owner Operator - Automotive / Retail Management Business
Be in business in 90 days! This is a unique and great opportunity to purchase your own Midas Complete Car Care shop in Hixson, TN. If you act fast, you may have the opportunity to purchase all equipment at a reduced price. With your energy and commitment, our globally recognized brand name, full course training, full support, and marketing programs, you can be in business within 90 to 120 days and on your way to success. We will review business concept specifics and location details during our discussions with you along with our business model to qualified candidates who submit a Request for Consideration form. Contact us today for more information!
Franchise Disclaimer : This advertisement is not intended as an offer to sell or for the solicitation of an offer to buy a franchise. It is for information purposes only. An offer is made by a prospectus only. 2015 Midas International Corporation, 4300 TBC Way, Palm Beach Gardens, Florida 33410