Multi-Unit Automotive Repair Franchise

Multi-Unit Automotive Repair Franchise

 

Description: http://imavex.vo.llnwd.net/o18/clients/fixedfee/images/medical.jpgCentral Indiana
Listing Number:
 2522

Financial Information

Asking Price: $550,000 
Real Estate: Leased
Gross Revenues: $2,063,000
Cash Flow: $250,000

Business Description

Midas is Entrepreneur.com's Top Rated Auto Repair franchise. The Midas Auto Repair Franchise is one of the best-known and most-trusted automobile brands in the world. Since 1956, we’ve been a dominant force in the tire and auto repair industries, with more than 1,000 auto repair stores in the United States and more than 2,000 worldwide. 

What is even better is finding an existing location with an excellent customer base and a history of revenue and income. And with 3 stores, in this case, an owner can leverage the business nicely to benefit even more. 

Note: Asking price includes parts inventory at all 3 locations..

General Information

Facilities: 3 facilities located in central Indiana, all in separate towns, but within driving proximity of each other. 6-8 bays each. All facilities are leased with separate leases on each facility. All must meet a level of appearance and operation based on the franchise requirements. Buildings have been painted in the last 3 years and are in good repair.

Competition:  This franchise is a great name brand that provides instant credibility and gives customers national warranties with workmanship second to none. Midas provides complete car care, from oil changes to engine replacements and everything in between. Midas also has national fleet programs that other non-franchise repair centers are not going to attract. Midas also negotiates rates on suppliers as a whole, but leaves it to the independent owner to opt-in or out and negotiate on their own.

Growth & Expansion: Each location has increased revenue over the last few years in their market and by treating people right. Word of mouth is huge. A shop is usually limited to its revenue potential based on business hours, employee availability and facilities, however, in this case, all 3 locations have upside potential for a new owner that wants to increase it. Each location serves a different type of clientele, from newer cars with routine maintenance to older cars needing engine and transmission work.

Employees: 20

Financing: The business will qualifiy for bank financing.

Support & Training: The franchise is one of the better automotive repair brands and provides training both for management and for mechanics to stay on top of their game. A new owner will be required to meet franchise guidelines, attend training, and be approved by the franchiser. The owner can also provide training for proper transition

Reason Selling: Other business interests.

Contact Information


Contact:
 Scott Lands
Phone: 317-333-6655 x 104

 

Indiana Equity Brokers
5750 Castle Creek Parkway, Suite 275, Indianapolis, IN 46250
Tel: 317-333-6655     Fax: 317-333-6654
info@indianaequitybrokers.com

 

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