Monterey County Auto franchise, low price, ready for you, No. 711

Monterey, CA (Monterey County)

Seller Financing Available
These days are gone just bought this great auto biz
Contact Seller

Asking Price: Get Financing: $150,000

Cash Flow: $50,000

Gross Revenue: $550,000


FF&E: $29,500

Inventory: $5,000

Established: 1990

Monterey County Auto franchise, low price, ready for you, No. 711

Get Financing Save Print Share Valuation Report

Business Description

This franchise has a strong brand identity. This business is ready for you, computerized, fully equipped both have Mgr's in place and fully staffed, large database of clients. Training provided by franchisor a sales or automotive background is beneficial. businesses are profitable with an owner who is involved full time as administrator. Adj Net shown is with a FT owner as administrator and delegator. (no mechanical experience is required)

Seller will carry a note of $45,000 at 6% interest for a buyer who has a good credit score. Highly visible in a strong location with very good demographics. Priced far below the normal franchise, this store new would cost close to $300,000 yet for only $149,000 you'll own a great franchise auto center in a beautiful area of CA..
Key Points as a potential Owner:
•No automotive experience necessary
•Nearly 1,000 locations worldwide
•Ideal work-life balance, Monday-Saturday, 8-6
•National brand recognition
•Territory protection
•Incredible multi-unit incentives
•Strong unit economics
•Corporate fleet account opportunities
•Best-in-class education through Meineke University

Training and Support 2.5 weeks of training, then ongoing support and national marketing brand identity.
No automotive experience is required! That's right, no automotive experience is required. Less than 20% of our franchisees have previous automotive backgrounds. Meineke passes this invaluable knowledge to franchisees through one of the most comprehensive training and support programs in the industry.
The Franchisor requires the new owner work forty hours per week as administrator and greeting customers..

No experience is required, recommend the new owner work in the business as administrator and greeter of customers not as a mechanic.
Business needs to b staffed.

Franchisor requires the buyer have a net worth of $250,000 and $100,000 liquidity. No experience is required, recommend the new owner work in the business as administrator and greeter..

Some of our services:
-oil change
-tires & wheels
-alignment and balancing
-steering & suspension
-tests & inspections

auto repair, brakes, oil change, auto service, franchise, tires

Detailed Information

Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Very clean and open auto center on main street, well known, five bays, service counter, waiting area, above ground lifts, computerized, POS system, ready for a new owner
Some competition but few with this name brand identity close to 1000 locations
Growth & Expansion:
Room to grow with more marketing and PR identity in the area
Support & Training:
Yes three weeks of training by franchisor and one week by owner
Reason for Selling:
This business is an established franchise
Contact Seller

Contact the Seller

(from currently available funds)
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Hal A. Janke, Pres., CBI, CBB,FIBBA

Business Listed By:
Hal Janke

Sunbelt Business of San Diego

Show Phone Number

View My Listings

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

Listing Statistics for Premium Members

Ad#:1388421 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Similar Listings

Precision Tune Auto Care

Franchise Opportunity
Capital Required: $120,000