Automotive Aftermarket Franchise Resale
Location: Michigan > Saginaw County > Saginaw
Industry: Auto Related > Auto Parts Retail and Distribution
Financials
Asking Price: $35,000
Gross Revenue: $300,000
Inventory: (Included in Asking Price)
FF&E: (Included in Asking Price)
Seller Financing: Seller will not provide financing
Business Summary
If you are interested in an outstanding automotive aftermarket business, this opportunity will appeal to you. A long time, large, well known, successful franchisor has decided to literally sacrifice its lone site in the Tri-City, Michigan area (northwest of Detroit) for the incredible price of $35,000 which includes inventory, all equipment and the franchise fee.

This store, recently remodeled and re-roofed, has had decent annual revenues of $300,000. Nevertheless, a combination of not having other stores in the area and an inability to generate more than a break-even cash flow with its current manager has resulted in Corporate's decision to "give-away" the store to for a nominal price to an eager, entrepreneurial buyer/owner/manager.

The business has been located in the Tri-City area for years and while not growing under the hired manager, the loyal customer base remains and will be the foundation of the business for a new owner. The business operates out of a 4000 square foot facility with a long-term, very favorable lease at only $21,500 (less than 8.0% of revenues) annually.

The business comes with an experienced staff of two full-time and one part-time employee. No automotive experience is necessary for a new owner. This is an opportunity for a hard working, "people person" who will receive excellent training (included in the purchase price) both at the franchisor's corporate headquarters and in the store. Continuing support will be provided by a long time Corporate Regional Manager who lives just 90 minutes from the business.

The UFOC (uniform franchise offering circular) represents that the initial investment to open a comparable site ranges from $265,000 to $386,000. The sale of this existing business for $35,000 (firm) includes anything and everything that goes into a new site; and unlike a new franchise this business comes with customers, employees and a cash flow!

The internal records of this business, kept by the franchisor at corporate headquarters, are impeccable. This is a terrific opportunity and will give the first buyer to come forth with $35,000 the business opportunity of a lifetime. To learn how quickly and inexpensively you can become part of the fun and lucrative automotive aftermarket industry, please call Mike Greengard at 616-450-0707.
About the Business
Year Established: 1995
Employees: 2 full time - 1 part time
Franchise: Yes
Facilities: 4,000 sq. ft. building
About the Sale
Management Training and Support: Seller will provide training
Reason For Selling: Corporate Owned

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Listing Tools
BizQuest ID:906505
Seller ID:N361-MG
Business Listed By
Name:Michael Greengard
Company:Sunbelt Business Advisors
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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. Please review the full Disclaimer here.