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Midas Muffler Franchise

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Morris Co., New Jersey |  Auto and Automotive  – Auto Body and Repair |  Business Services  – Other Business Services

Asking Price:
$275,000
Gross Revenue:
$685,139
Cash Flow:
$96,039
Inventory:
$15,000
not included in asking price

FF&E:
$125,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

National Franchise Auto Repair Business located on a state highway of Morris County, Northern NJ. Midas Muffler is known in the auto industry for its quality professional service and this particular location has had years of consist income. The seller is relocating out of the general area and is prepared to supply training and financing to a qualified buyer. The business site consists of 15,000 square feet and a 6,000 square foot facility with a clean modern appearance. The business does From the brake pedal to hydraulic brake fluid, brake master cylinder to power brake booster, drum brakes to disc brakes and electronic anti-lock brake sensors, Midas technicians know every part of your brake system inside and out, No wonder Midas is North America’s brake service leader. The franchise also supplies a full menu of repairs for any vehicles. With locations throughout the US and Canada, you can be confident on the product and service. The sale includes, lifts, computers, a full menu of equipment required for this particular business and an itemized list is available upon request.The building 6,000 sq ft can accommodate ten vehicles on one main floor consisting of one floor with no basement. The business site has a twenty five car private parking area as part of the lease agreement. The business is active six days weekly, closed Sunday hours from 8:00 am to 5:00 pm. The business is franchise approved & has a municipal CO for auto repairs. The sale offers a long term commercial lease, expires 2024/01/01 with a current monthly base rent is $5,819, rent security $6,000. The sale requires franchise approval which will represent a long term franchise agreement. Based on the asking price, required down payment and net income this business should supply a 28% return to the owner operator prior to debt service.

About the Business

Year Established:
1995
Number of Employees:
Eight
Facilities:
The facility consists of 6,000 square feet with a five bay garage and one hundred and fifty feet of highway exposure. The business has a professional office and a clean customer waiting area and all equipment including lifts are in excellent condition and included in the sale. The Business is located on a US State Highway in Northern NJ for convenient customer access and with a substantial population who continue to require auto service and repairs.
Market Outlook/
Competition:
With continued good service the business will maintain a solid income. No other similar competitors exist nearby this particular auto franchise.

About the Sale

Reason For Selling:
Owner is relocating out of the industry.
Training/Support:
Seller will supply a full transition period to the purchaser.
Seller Financing:
Seller financing available to qualified buyers

Listing Info

BizQuest Listing ID:
1157724
Ad Detail Views:
395

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Business Listed by
Ron Cervelli
Regal Consulting Corp.

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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. See our full Terms & Conditions.