Growing, Profitable, Clean Oil Change and Quick Lube

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Asking Price:
$750,000

Gross Revenue:
$627,066
Cash Flow:
$82,261
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$25,000
included in asking price

FF&E:
$40,000
included in asking price

Real Estate:
$450,000
included in asking price

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Business Description

This unique company is an efficient and reliable source for automobile oil and lubrication services that has been serving their community for 30 years. During this time the business has put systems and people in place that have kept the sales growing and the customer base coming back. With a great location and room to grow this is an exciting opportunity.

About the Business

Year Established:
1987
Number of Employees:
6 FT
Real Estate:
Owned
Building Sq. Ft.:
4,664
Facilities:
This custom facility is very strategically located next to a very highly traveled highway surrounded by residential neighborhoods and many commercial businesses. Well equipped with everything needed to service multiple automobiles quickly, store needed parts/inventory, provide office space and comfortable area for customers. The building, property and contents have been well maintained and updated. The facility is clean, organized and it is obvious the owners pay a lot of attention to detail.
Market Outlook/
Competition:
There are competitors in the auto repair space but this business has a unique niche with their speed of specialized services, convenient location and loyal customer base built with 30 years in the market.
Growth & Expansion:
The business has seen growth each of the last 3 years and there is no reason to think that will change.
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About the Sale

Reason For Selling:
Owner has had some health related issues and has reached retirement age.
Training/Support:
Will train for 4 weeks @ no cost
Services offered include oil, filter and transmission fluid changes as well as tire rotations. An understanding of light auto mechanics, business administration and business bookkeeping would be beneficial. The business has to be registered with the state, the state corporation commission and the Virginia Employment Commission. A Federal ID# and county business license must also be obtained.

Listing Info

ID:
1449421
Ad Detail Views:
547

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months
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Business Listed by

Dick Halterman CPA

Murphy Business & Financial Corporation

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U.S. Census Data for Virginia
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Virginia
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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