Auto Repair Franchise – Las Vegas Area – Price Reduced!
One of 500+ Auto Service Businesses Offered by Art Blumenthal
Clark County, NV
Never before has there been a better time to BE YOUR OWN BOSS in the multi-billion dollar automotive service industry. This well established six bay auto center is a nationally recognized brand and one of the world's largest providers of automotive service, offering total car care including brakes, oil changes, exhaust, scheduled maintenance, tires, steering and suspension services. Established profitable operations already have the equipment, inventory and employees in place. The large, attractive building is located on a highly travelled road with great visibility and access. The national franchise benefits from a high 95% brand awareness, exceptional advertising and 50+ years of experience in providing training and support systems to franchisees that are geared towards business success. Sales for 2013 of $796,200 produced a positive cash flow of $207,700, which is down from the previous three year average of $914,000 in sales and $292,000 in annual cash flow. The decline has continued in 2014, with a sales decrease of 24% through July. The Asking Price for the Business has been reduced dramatically from $575,000 to $195,000 to reflect 2014 sales/profit levels and as an incentive for a Buyer to submit an all-cash Offer to Purchase no later than October 31, 2014. Alternatively, a qualified Buyer may purchase the business for $250,000, with a $150,000 down payment and a $100,000 Seller note for 3 years at 9%. Asking Prices do not include inventory, priced at Seller’s cost, which is estimated to be $8,500. The Seller is semi-absentee and has been preoccupied with the sale of his other business locations, which is one of several reasons for the sales decline. He is semi-retired and highly motivated to fully retire after 25 years in the Business. With a 65%+ reduction in the Asking Price, there exists a tremendous opportunity for an energetic owner/operator to quickly build equity and profits by restoring sales and cash flow to historical averages. With proper supervision and motivation, employee morale and productivity will improve, leading to enhanced customer service. Additional local advertising and community involvement by a new owner will help drive new and past customers to the Business. This opportunity is being offered through Sunbelt Business Brokers of Las Vegas, Inc. NV License 56260.