Multi Location Auto Repair Shops - Lender Pre-qualified!

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Great Absentee Opportunity!
Asking Price:
$825,000

Gross Revenue:
$1,469,663
Cash Flow:
$298,979
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$48,000
included in asking price

FF&E:
$77,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Multi Location Auto Repair Shops. Blanketing Hampton Roads Virginia and beyond, these service centers exclusively perform tire service. From repairs and replacements the centers offer up new and use tires at superbly competitive prices and rocket fast service. The businesses have a vast array of brands both new and used and can handle any make of vehicle. And whether a customer decides to choose new or used product options the highly skilled technicians at the operation will high speed spin balance, rotate and mount the tires all in less than a half hour. And complete tire and rim packages are available within a day. Each facility in this operation is set up and designed as a stand alone store. And each have management in place as well as a robust technical staff. Combining the enterprise from a central management perspective allows for efficiency, synergy and pricing leverage. So as a whole the operation can offer great competitive pricing based on volume and as well, offer superior service as the overall operation meets any customer need with same day service. The Seller has grown a strong brand and platform over many years which is set on a trajectory for continued growth. And the design of the operating units has allowed this owner to operate these businesses in an absentee fashion. Now looking toward retirement the Seller will offer a smooth transition into a great business model. And the purchase has been lender pre-qualified! So with a down payment between 10 and 20% of the asking price, a buyer can enter this great business opportunity.

About the Business

Year Established:
2009
Number of Employees:
40 FT
Relocatable:
Yes
Facilities:
Each location has a long term lease in place and each lease is independent to the location.
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About the Sale

Reason For Selling:
Retirement.
Training/Support:
Will train for 3 weeks @ $0 cost.
Seller Financing:
Lender pre-screened with $165k down.

Listing Info

ID:
1536545
Ad Detail Views:
466

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months
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Business Listed by

Frank Chebalo, CBI, ABI, CMSBB, CBC

Murphy Business & Financial Corporation

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

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