Business Summary
During the first few weeks in August, sales have averaged $18K per week due to a new customer service writer. This business is the local franchisee for a national network of car care and repair businesses. This facility opened in the early 1990 s and is therefore well-known and well-established. The current owner, whose main business and background is in professional services, acquired the business less than 2 years ago. The business is approaching the break-even point but the owner divides his time between his 2 businesses in addition to local involvement in civic organizations. Therefore he has not had enough time to give the business the needed attention to grow it to its full potential. Many other franchisees in similar size markets are dong 2-3 times the volume of sales. There is a trained staff in place making this a turn-key opportunity. The business needs the focus of a full time owner. Industry growth is estimated at 3% - 5% annually, and the number of older cars present on the road is predicted to continue increasing. As such, franchisees benefit from an advantageous market and a growing industry. With its name brand recognition and successful business model, franchisor offers one of the best franchising opportunities in the automotive repair industry. Franchisees can take advantage of hundreds of established National Fleet customers who generate millions of dollars in sales annually.Franchisor is number one in some segments of the auto repair industry and is well positioned to become the market leader in other segments The $200 billion general automotive repair aftermarket, there is brand recognition in excess of 90 percent. Over 750 locations nationwide. They have the tried-and-true recipe for success. Other featurs of this opportunity:
-Recession Resistant Business
-NO Automotive Experience Needed
-Opportunities for Multi-Unit Growth
-Low Inventory/Low Number of Employees
-A High Ticket, Specialized Business
Contact John Coto, Certified Business Intermediary at 603-880-8200 for additional information.
Property Details
Other Business Details
Premise Details:
Facilities: The business leases approximately 4500 sq. feet with off street parking on a state road which has over 30,000 daily car count. 6 bays.
Competition:
Competition: This name is a market leader. Excellent name recognition.
Expansion Potential:
Growth/Expansion: May be achieved by additional networking at local civic groups. Other similar size franchises in similar size markets have annual sales of $900,000 to $1,200,000. A new owner could grow the business by adding an outside sales person to develop wholesale sales from other auto repair shops and increase fleet accounts. Franchises have the ability to own multiple units increasing your buying power, sales and profits.
Business Operation Details
Support & Training:
Support/Training: Seller will provide 2 weeks of training included in the sale immediately after closing; Franchisor will provide 3 weeks of training at the training center. Afterwards, you will have access to ongoing operational and technical support and benefit from extensive national/local marketing campaigns.
Miscellaneous Details
Financing Available:
Yes
Financing: Seller will finance part of the sale. Motivated and negotiable
Reason For Selling:
Reason Selling: Seller wants to focus on his primariy business which is unrelated.
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