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Franchised Auto Service Centre
Location Nova Scotia,Canada
Asking Price Range $500K - $1.0M
Gross Revenues $1400000
Net Profit / Cash Flow $250000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1980
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Yes
Reason for Sale Retiring
Description This business is an owner-operated franchise of one of Canada's leading automotive repair specialists. The franchisor enjoys very high brand awareness and has over sixty franchise locations in Canada. This service centre is the top revenue producer among all of the locations with yearly revenues in excess of $1.4M
The centre offers its customers exhaust, brakes, tires, suspension, steering and maintenance products and services for their vehicles and has been situated in the same high-traffic, convenient location in Halifax for many years. Certified and experienced technicians will remain after the sale and the present owner will consider remaining as manager on terms to be negotiated. The franchise agreement expires in 2018 and has options to renew for a further 20 years. The premises are leased from the franchisor.
The owner is seeking the sale of the shares of the company which holds the franchise. This opportunity will appeal particularly to an individual who possesses strong general management and marketing skills and wishes to be actively involved in the day-to-day operation of the business. The transaction will be structured as a sale of shares. The shares are offered for sale at approximately $890,000 and the price will be adjusted to reflect the balance sheet at the time of closing. A buyer should anticipate a minimum equity investment of about $350,000. Call 902-446-5151 For More Information.
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