Midas Automotive Repair Franchise
| Asking Price: | $330,000 | Inventory: | $25,000 ++ |
| Gross Revenue: | $408,087 | Real Estate: | n/a |
| Cash Flow: | $80,831 | FF&E: | $80,000 ++ |
| ++ included in the asking price ** not included in the asking price |
This Midas franchise is a part of the world's largest providers of automotive service, offering brakes, exhaust, steering and suspension services, as well as maintenance services, tires and batteries. To expand the services and grow sales the franchisor is developing a comprehensive program that targets the automotive repair maintenance needs of fleet vehicles. For most services, the amount of the royalty equals 10% of the shop’s retail sales, with the franchisor obligated to spend at least half that amount on advertising. They have earned a reputation for quality and reliability. A dedication to building consumer trust combined with their rich heritage of growth, innovation and achievement differentiates them from the rest in the automotive aftermarket.
About the Business
Year Established:1956
Employees:3 full time - 1 part time
Franchise:Yes
Facilities:The property and building is owned by the franchisor and is leased at $2,940 per month with an option to renew. The building consists of 7 bays, an office, a waiting room for customers, and a training area. The building has had recent additions such as a new roof with a 20 year warranty, new heating in shop area, new air and heat unit for the office and waiting room, and added a training room.
Market Outlook and Competition:In addition to the development and placement of advertising, the franchisor provides support by: Administering a national warranty program, establishing relationships with parts vendors, and negotiating national price discounts, providing training programs, and offering counsel with respect to the management and operation of a shop. The number of registered cars and light trucks has increased between 1% and 3% each year over the past ten years. The number of automotive repair outlets has declined by more than 6% over the past decade, while the number of service bays has declined approximately 4%. Small gas stations and independent garages have closed, while the number of repair specialists continues to increase.
About the Sale
Reason For Selling:Other business interests.
Seller Financing:Negotiable
KEYWORDS: Midas, shop, franchise, automotive, service, auto, vehicle, commercial, brakes, exhaust, maintencance, brand name, batteries, tires, suspension, repair, vehicles, fleet, automobile
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