Services - Auto Repair, Parts & Svcs | Services - Other Business Services

Asking Price	$350,000	Inventory	$25,000**
Gross Income	$487,302	Real Estate
Cash Flow	$107,711	Year Established	1980
FF&E	$110,000*	Employees	4

* included in the asking price

** not included in the asking price

This store is located on a very high traffic road with excellent road frontage exposure. Excellent demographics and a history of good-excellent sales insures continued success. The Owner recognizes that he is no longer willing to devote the time and energy to his business that he once was willing to do, and has decided to scale back his operations. An Owner/Operator willing to put in the time and energy and make a few cosmetic changes should position this store in the top five stores in the Metro Area in a short period of time. If you have people and management skills, the franchisor will provide you with the tools you need to succeed in this business.

Facilities: 4-Bay Plus facility, the store has ample space for growth. Store exterior and interior should be painted. Some interior upgrades would appeal to customers. Nothing expensive, cleanup, fixup, and paint will make this store look better and increase sales and profits. This presents a Buyer with an opportunity to make more with an easy, inexpensive investment in a cosmetic facelift.

Competition: Meineke is an industry leader in Brakes and Mufflers repair and service. With ever expanding services reflected in their name change in 2003 from "Meineke Discount Muffler Shops" to "Meineke Car Care Centers" Franchisees are attracting more customers as they become more and more aware of the many services now available at discount prices. Revenues and profits for Franchisees will increase.

Growth/Expansion: Automotive repair and services, as an industry, has been generally depressed in the St. Louis market for the past 24 months or so. Recent improvement in sales and profits indicate that the recent slump seems to be reversing. This store in 2003 and 2004 had sales in the $600,000 Plus range with significantly higher cash flow. The owner believes an Owner/Operator could regain these numbers relatively quickly.

Financing: Seller will provide some financing to qualified Buyer.

Support/Training: Franchisor will provide 4 weeks training in Charlotte, North Carolina, pre-closing, with continuing education via seminars,internet, and on-site visits and training on-going. Additionally, Seller will provide some post-sale training and consulting.

Reason Selling: Multi store Owner is reducing holdings.