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1800-Radiator Franchise - Eastern North Carolina - For Sale
Auto Related - Auto Parts Retail and Distribution | Wholesale and Distribution - Wholesale and Distributors
| Asking Price: | $395,000 | Inventory: | $70,000 ++ |
| Gross Revenue: | $1,050,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | $110,000 (comments below) | FF&E: | $58,500 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: Total gross revenue for local customers and selling within the warehouse system for other franchises | |||
| Cash Flow Comments: Includes salary, expenses, all money paid to owner plus no loan payments - FREE AND CLEAR | |||
EAGER TO SELL!!! Extremely successful three year old franchise operation with positive cash flow.
1800Radiator has been around for almost 25 years and is currently one of the fastest growing franchise business models in the country. There are 250 total locations nationwide. It is a warehouse distribution business where wholesale and retail customers call in with a need for a heat transfer (radiator/ AC condensers/ AC) part or parts, receives quote and obtains the product through local delivery service. Delivery of the parts locally is the key to the success of this business model. Majority of sales (90%) from wholesale customers (mechanic shops, dealerships, body shops, parts stores, etc.) with 1100 shops buying since business opened (Nov. 06). Corporate tech support is amazing for; phone, computer, marketing and financial data. Innovative marketing and database expertise lead the industry. Computer user friendly lookup system is cornerstone of operational success with no prior auto industry experience required. See following site address for recent article www.francorp1.com/2009/07/1-800-radiator-franchise.html. This operation has a proven record of strong monthly receivables with no outstanding over due payments. Asking price has been reduced and includes inventory, receivables and all five 2006 model delivery vehicles. A more detailed summary of history and financial information available upon request via email.
About the Business
Year Established:2006
Employees:1 full time - 6 part time
Relocatable:Yes
Franchise:Yes
Facilities:Three offices and large warehouse with large bay doors. Fenced and gated back area large enough for full size tractor trailer to maneuver for deliveries. New warehouse racking. Clean, neat and new offices. Safe location. Current size provides room to grow new parts lines and diversify in the future. Under lease agreement with great property manager.
Market Outlook and Competition:Revenue has grown 20.4% in 2009, 21.7% in 2008 ($110,000 at opening to over $1,000,000 currently). Continued growth seen as extremely promising based on future lines of business still available for rollout. Additional 200-250K in sales expected in 2010 from new A/C line of business already proven by numerous other franchises. Market is primed for greater success from the 1800Radiator model structure around the country and in Eastern NC. This is due to public driving their cars longer needing more repair. Competition is minimal in this area due to current economic trends having placed stress on other distributors putting three large competitors out of business in the last 18 months. This model is primed to be extremely successful, as shown here, even in tough times. 1800Radiator sold one in 25 radiators in 2006 and currently sells one in five. Please call or email for further information.
About the Sale
Management Training and Support:Negotiable based on needs from new owner. Complete marketing campaign (including yellow pages) and seasoned sales person already in place. Current owner could certainly stay on if needed to assist with transition.
Reason For Selling:Family reasons. Have another opportunity.
Seller Financing:Open to discussion.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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