It is a nice business location with lots of small business and residential area in the surrounding town. Easy entrance in and out of parking lot from major road of the town.Nice and clean parking lot with more than 20 parking space .For the customer there is a nice reception area with front desk & sitting room.This is six bay garage and well equipped mechanical shop. Owner keep up & maintain the shop up to date and Lots of equipment are only couple of the years old. They can do the work on most American and foreign car with all kind of repair like brakes ,exhaust , Tire , Alignment , engine repair...etc. Midas Franchise system have a good technology to keep the business transaction for smooth and efficient operation. Owner is not a mechanic and managing the business from the back office. For buying this business you don't need to be a Auto mechanic.Business is close on Sunday and can be add more hour with opening on Sunday for more growth. There is famous diner restaurant of town next door which is giving this business well business exposures. This "MIDAS" franchise require two week training & buyer need to pass the test. Midas Franchise do their own advertise but you can do more for local marketing.. Reason For Sale: Other Business Interest
Asking Price: $175,000 Gross Revenue: $450,000Cash Flow: $90,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $40,000 not included in asking priceFF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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.