Auto Lube
Location Florida,United States
Asking Price Range $500K - $1.0M
Gross Revenues $373051
Net Profit / Cash Flow $139093
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1986
Number of Employees 4 - 5
Inventory All tools equipment and leasehold improvements.
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training Manager in place. Seller can provide support.
Reason for Sale Absentee owner - out of town.
Description This is a very prominent auto lube center with excellent exposure. 2010 through 2012 showed excellent growth. The business finished the year with a profit of $143,429 in 2012 and is AHEAD of that pace for YTD 2013.
The business is absentee owned (manager in place). The
business could continue to run absentee of be owner operated. Manager salary has been added back to show true profit as an owner operated business.
Agressive financing terms are available with rates below 6%. With 15% down the cash on cash return after paying debt and all operating expenses would be approximately 37% - run absentee. If the location is owner operated, add in another $48,154 back for a 78% return on the cash investment. Add to that, the equity gain from monthly payments, tax deductions for interest paid, etc. and the return on cash is over 103%. The business returns the intitial investment back to the owner in less than one year!
Books and records are perfect. We're ready to take this to the bank.
Detailed Information:
Facilities: This is a full two level building with 1,550 sf up and 1,550 sf down. Recent renovations with equipment upgrades and additions. Great, clean facility on busy Hwy. Huge traffic count. Flagged with a major brand that offers national advertising, co-op local advertising, oil rebates and incentives.
Competition: Located on busy Hwy in the heart of town, with little competition in the area. This location has been extremely efficient. Great reputation for fast, clean service and excellent exposure to oncoming traffic!
Growth & Expansion: This business has been growing steadily. A mechanic and additional equipment were added to offer tire and limited mechanical services. The sales in this area have grown despite no marketing effort or signage announcing those services to date. Building fleet accounts or mobile fleet services are also strong avenues for growth.
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