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Auto Service Shop For Sale
Location Ohio,United States
Asking Price Range < $250K
Gross Revenues $299000
Net Profit / Cash Flow $71000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1990
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will support as necessary.
Reason for Sale Retirement.
Description This Auto Repair & Service shop (can be sold either as a franchised business or independent) has been operating it since 1996. Its owner has decided to sell it since he is at retirement age. He offered the business to his manager who is not able to purchase it but would be pleased to continue working in the business.
LOCATION & DEMOGRAPHIC HIGHLIGHTS: The business is located on a major 5-lane thoroughfare with a average traffic count of over 12,000 cars per day. It is located within a working class Cleveland suburb in the east side of Cleveland. The suburb's average family income of about $48,000 within a 3-mile radius around the business. The total population with a 3 mile area is 103,000.
BUSINESS PURCHASE PROCESS: If buyers decide to buy the business as a franchise, once prospective buyers are convinced that they are willing and able to purchase the business, they will have to get approved by the Franchisor who also will sublease to them the lease for the facilities of the business. The asking price is 90,000 if sold without a franchise.
SERVICE MIX: Like most shops of its size the business provides a variety of services and repairs outlined as follows: Brake Work 20%; Exhaust Work 18%; Maintenance 16%; Suspension 6% and Other Miscellaneous Repairs 40%. Its customers are individuals, small businesses and other auto-service businesses around the area.
BUYER'S TRAINING: Prospective Buyers will undergo proper training by the franchisor. Seller will also train the buyer as per mutual agreement.
DISCLAIMER: Enterprise Development Resources, Inc. (EDR) makes no warranty or representation in connection with the information provided herein. Participants will be responsible for their representations and due diligence.
Elias E. Ladon of EDR is an Investment Banking Registered Representative with Reliance Worldwide Investments, LLC, member of FINRA and SIPC and registered with the SEC and MSRB, through which securities transactions are conducted.
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