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Tidewater Area Automotive Protective Coatings Franchise Company

VA

Seller Financing Available
Tidewater Area Automotive Protective Coatings Franchise Company
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Asking Price: $378,000

Cash Flow: $198,765

Gross Revenue: $704,960

EBITDA: $146,765

FF&E: $100,000

Inventory: $10,000

Rent: $3,600 /Month

Established: 2011

Tidewater Area Automotive Protective Coatings Franchise Company

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Business Description

Top Rated Franchise - SBA Pre-qualified

Key Investment Considerations:

• Provide automotive protective coating (Bedliner & Undercoating) & truck & SUV accessories.
• #1 Spray-on truck bedliners and protective coatings franchise
• 60% Retail VS 40% Wholesale business spread
• Internationally recognized, reputation and great social media presence along with franchisor national advertising.
• Management is currently in place for semi-absentee operation.
• $52,000 manager salary can be saved as owner salary for any owner/operator
• 4 years of franchise right left and no cost for renewal, no monthly loyalty to franchisor.
• Required working capital of $50,000 on a monthly basis.
• Easy to follow step-by-step business model with regular franchisor training and district franchise development manager visits.
• Mobile service is also available
• Reason of sale: other business interest.
• Additional income streams and services can be added to current business model to increase profitability.

This automotive protective coatings franchise location was originally acquired by current owner back in 2011. Because of far distance from owner’s residence & possibly other business interest, this great franchise location is available for acquisition. Currently the owner visits business 2 days per month. However, local owner/operator can save up to $52,000 in manager salary. Business opens from 7 am to 4:30 pm, Monday through Friday. Corporate training is available for new franchisee and ongoing visit by regional business development manager regularly. Great growth opportunity is available through mobile service, truck accessories and more. With a positive mindset and great ethics, new owner/franchisee can take this soaring business to another level.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,500
Lease Expiration:
6/30/2020
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
112500.00
Support & Training:
TRAINING PROVIDED BY FRANCHISOR
Reason for Selling:
OTHER BUSINESS INTEREST
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Carven Cheung

Business Listed By:
Carven Cheung

Transworld Business Advisors

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Sponsoring Broker:
Steve Sigman

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