Services - Auto Repair, Parts & Svcs

Asking Price	Not Disclosed	Inventory	$6,500*
Gross Income	$282,413	Real Estate	$260,000*
Cash Flow	$55,307	Year Established	2002
FF&E	$30,000*	Employees	3

* included in the asking price

** not included in the asking price

The Company was started in July of 2002 by its current owners. The Company operates as a full-service quick lube, brake and tire shop serving customers in and around it's area. Company management indicated that the Company charges $29.95 for a basic oil change and $32.95 for a full-service oil change. Management indicated that the full-service option includes checking and topping off all fluids, checking belts, hoses and lights and vacuuming of the vehicle interior. Company management indicated they use Valvoline oils. The labor rate charged by the Company is $45.00 an hour with repair times based on book rates. Furthermore, management indicated they attempt to maintain an approximate 41% profit margin on parts sold. The Company s operating hours are 8:00 a.m. to 5:00 p.m. Monday through Friday and 8:00 a.m. to 12:00 p.m. on Saturday.

Facilities: The Company leases their current facility that is owned personally by the Company s owners. The facility has approximately 2,400 square feet of space including three service bays (two of which have oil change pits).

Competition: Company management indicated that they are the only quick lube facility in the area, and the only quick lube facility for approximately 24 miles in each direction. Thus, competition is not viewed to be significant. The only competition for the Company comes from local automotive repair shops that handle a few oil changes each day.

Growth/Expansion: Company revenue has slowly increased from $236,000 in the year ended December 31, 2004, to $259,000 in the year ended December 31, 2006. Furthermore, Company management indicated that cash flow for the year ending December 31, 2007, is up significantly from 2006. Accordingly, we believe the Company will likely continue to experience slow to moderate growth over the next few years.