Midas Tire & Auto / Spee Dee Tune & Lube Franchises
Midas Tire & Auto Experts / Spee Dee Tune & Lube
Seven bay shop on major US highway with approximately 4,000 square feet of space. Be a part of the largest auto repair franchise chain on the planet. Best support structure for training a new inexperienced owner to grow into your new business. Excellent demographics with no other national auto repair chain in this entire zip code which is one of the richest in the country.
The best part of the auto repair industry is that its Recession-Proof. The worse the economy gets, the more likely that people can not afford a brand new car. They have no choice but to fix the one that they have instead of trading it in.
Business sales price is $299,900, plus $20,000 +/- for inventory, plus $10,000 +/- balance in Local Sales Marketing Fund. Midas & Moroch just gave us permission to use up to $5,000.00 of that fund for remodeling or lobby upgrades and the rest for your grand opening advertising blitz.
Equipment includes 2 newer Challenger 2-post lifts, 1-brand new Challenger 4-post drive on truck lift with two rolling jacks, 3 older Rotary 2-post lifts, 1 drive-on Hunter scissor-style lift with front and rear turn plates, John Bean Visualiner 3D laser aligner, Coats 1250 digital tire balancer, Coats tire mounting machine, Huth Bender, 2-industrial sized 3-phase air compressors, brake rotor & drum lathe, Brannick & OTC strut & spring compressors, parts washer, welder, acetylene/oxygen torches, transmission flush machine, air conditioning machine, complete and 100% owned quick lube oil guns, tanks, and pumps for bulk oil, as well as extensive racking and work benches. 10-years remaining on the below-market triple-net lease with no CAM charges. Fully built out office, break room and private rear office with 2-televisions, coffee station, four complete computer work stations loaded with software, laser printer, fax machine, 12-leather waiting room chairs, and desks. Sales average $700K per year over the last 3-years with guaranteed customer flow because of lifetime brake pad, shock, and muffler warranties.
Sales price to be based on the following approximate replacement values:
$100,000 in auto repair equipment including: five 2-post lifts, two drive-on lifts, laser alignment machine, trans machine, AC machine, PS flush machine, lathe, bender, engine hoist, two compressors, oil pumps, tanks, racking, and hose reels.
$ 20,000 in shop equipment installations, wiring and leasehold improvements.
$ 25,000 in office furnishings, desks, computers, televisions, security cameras, & software.
$ 20,000 in waiting room, break room, bathrooms, and private office build outs.
$ 25,000 value of franchise licenses.
$ 30,000 in installed business signage.
$ 20,000 +/- In inventory.
$ 10,000 +/- in LSM marketing and remodeling funds.
$ 90,000 in net cash flow.
Email or call for any questions: 1-224-eight-two-eight-5656
Keywords auto repair automotive repair car repair brake shop tire exhaust muffler suspension quick lube total car care