Established & Turnkey Lube Franchise Absentee Owner

Redmond, WA (King County)

Seller Financing Available
Established & Turnkey Lube Franchise Absentee Owner
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Asking Price: $240,000

Cash Flow: N/A

Gross Revenue: $517,534

EBITDA: N/A

FF&E: $20,000

Inventory: $6,000*

Rent: $5,078 /Month

Established: 1986

*not included in asking price.

Established & Turnkey Lube Franchise Absentee Owner

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Business Description

Nonfood quick lube franchise that is profitable and turnkey. Has a 30-year customer base built up for you. Owner is absentee but this business could be owned by semi-absentee owner or owner-operator. This is one of the better investment opportunities in the market. It’s a major name in the industry of oil change type businesses. Established high traffic location with 300,000 cars passing this storefront weekly. Another good fact not to let slip by you is competition on this business is extremely limited as in only just a few places in town and for someone else to open up any similar type business the answer is “NO” according to the city and the county. That’s good stuff as you can pretty much have this whole pie for yourself. So put the competition out of your mind.

This business fits the bill for so many types of investors if you are an investor who just wants to manage the work crew and not get dirty or the other end of the spectrum, you’re a mechanic type person or who likes to think of themselves as one. This is a perfect fit and you could dabble in the auto work with the comfort of knowing you have a solid and stable and profitable living coming in from the oil changing business. It should be noted that this business just recently added a car lift to the shop so additional services may be added such as brake and axle service etc.. So you can dabble a lot if you want or hire a mechanic and take the net take-home pay well into six figures. I’m pretty sure that didn’t slip by you.

This business is not like a lot restaurants and the like as you’re always fighting to keep your customers coming back. This business your customer base keeps coming back every few months. And you have their contact information, so what could be a better marketing tool? Currently operated by 3 fulltime and 4 part-time employees. Simple to learn and simple to operate all the training will be provided. Has 4 drive-thru bays and about 1800 square feet. Owner says he nets about $60,000 a year from this business as an absentee owner. So an owner-operator or semi-absentee owner and or perhaps adding a few more simple services to the game plan the new owner can be netting well into six-figure income. So this is definitely one of the cleaner business buys on the market, give us a contact for more information.

Detailed Information

Location:
Redmond, WA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,800
Lease Expiration:
9/30/2023
Employees:
3 FT 4 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The monthly lease is $5,078 with the triple net included. Current lease expires in 2023 but landlord willing to give long term lease to a new owner. About 1,800 square feet with 4 drive-thru bays. Has 12 steel oil tanks 500 gallons each with airlines to pump oil. Located on high traffic main street with great signage and visibility. Open 7 days a week from 8 AM to 7 PM.
Competition:
Another good fact not to let slip by you is competition on this business is extremely limited as in only just a few places in town and for someone else to open up any similar type business the answer is “NO” according to the city and the county. That’s good stuff as you can pretty much have this whole pie for yourself. So put the competition out of your mind.
Growth & Expansion:
This business fits the bill for so many types of investors if you are an investor who just wants to manage the work crew and not get dirty or the other end of the spectrum, you’re a mechanic type person or who likes to think of themselves as one. This is a perfect fit and you could dabble in the auto work with the comfort of knowing you have a solid and stable and profitable living coming in from the oil changing business. It should be noted that this business just recently added a car lift to the shop so additional services may be added such as brake and axle service etc.. So you can dabble a lot if you want or hire a mechanic and take the net take-home pay well into six figures. I’m pretty sure that didn’t slip by you. These are very tangible money-making moves.
Financing:
70% down strictly case by case basis
Support & Training:
Is a franchise so all the training and ongoing support is provided.
Reason for Selling:
Owner wants to move out of state
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(from currently available funds)
 
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David Smith

Business Listed By:
David Smith

Coldwell Banker Bain

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