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For Sale: Automotive Repair Franchise - Well Established - Corpus Christi, Texas

$1,600,000.00

Asking Price

  • Address: Corpus Christi,

  • Status: Active

  • Posting ID: 279681

  • 4/15/24

Corpus Christi Automotive Repair Franchise - Well Established Business For Sale

Description

We Don’t Care What Deal You Look At This Year-It Won’t Get Any Better Than This One!

These don’t come around for us but about once every couple of years. And, if we lived closer, we’d buy it ourselves…no joke. This is truly THE DEAL OF THE YEAR on a highly profitable, full service, clean, automotive repair business (FRANCHISE)! Here’s the deal…we recently did a *formal 3rd party, Wall Street-level appraisal (the same firm that Wells Fargo, US Bank, CIBC and over 200 other banks use ) and the appraisal came in at $2,410,000 – The current listing price is $1,600,000 – translation (if you even need one) that’s $810,000 lower than the appraisal amount!! Yes, you read that correctly, $810,000 lower.

You should know that we sell most of our appraised businesses AT the appraisal price. What is more, now that 2023 is in the books, the appraisal would likely be even higher as the company did even better than 2022. The seller is sadly undergoing some personal concerns and wants to make this deal as easy for you as possible so he can move on quickly. Look over the deal structure and additional company information below and contact us for the non-disclosure agreement so we can have a detailed conversation about this:

POSSIBLE DEAL STRUCTURE:
• Projected ROI of 49%
• Total purchase price: $1,600,000
• Down payment: $350,000 (22%) (if you’re going to use bank financing)
• SDE (what you would earn in the business):$650,000
• Amount financed $1,250,000
• Debt service per year (annual note payment):$204,508 (10 years at 10.75% apprx.)
• SDE less debt service: $445,492
• Assume - New owner to pull $275,000 a year out of the business in wages
• Remaining SDE (cash flow) after owner wages and paying annual debt service: $170,492
• 49% Is The Return on investment or your return on injected capital (down payment) year after year ...So even after paying your debt service each year and taking out $275,000 in a wage you should still have $170,492 to do with as you wish, pay down debt early, take it out in additional wages or go to Vegas! Technically, if you wanted to pull out $445,000 ($275k+$170k = $445k) you could.
• A great year in the stock market would be 15% to 20% and the average is about 7%. The assumption for this model, is that you actually work in the business 30-40 hours/week. Clearly in the stock market you would not be working in the company you held stock in.
• This scenario does not include working capital.
• Important: Do not take our word for it on the investment information, call and meet with your accountant and make sure he/she agrees with the outline above. Do not make any financial investment into this business where your money could be at risk until you agree with your financial advisors opinion and are comfortable with the presented numbers from the seller.

This is one of the nation’s TOP automotive franchises with hundreds of locations around the US and Canada and considered a “Lifestyle” business/franchise model. Further, this franchise brand is recognized as one of THE best when it comes to warranties for your customers which gives them a positive household name and a serious edge over the competition. More than that, they do tons of nationwide TV advertising and the likelihood you’ve seen their ads this week is probably pretty good making them the equivalent of McDonalds for the automotive industry! That’s say’n something. Here’s something you’ll really appreciate…You, as the owner, really don’t need a deep knowledge of the automotive industry and you’ll likely never turn a wrench, as 99% of owners either run these locations semi-absentee or just do general management. The nice thing about this business model, that owners tend to love, is the fact that you have TIME - time to spend with family or kids (baseball games, recitals, fishing trips, etc.). We call this a “lifestyle” business. Taking time off is not that tough once you have a few months of running the business under your belt. Contact us today.

To get more information about this Automotive Repair Franchise - Well Established business for sale in Corpus Christi please phone Blue Stone (Broker - BRE License #:SP44826) at 866-678-9484 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #279681 on BizBen.com. In addition to phoning Blue Stone, make sure you email Blue Stone above to get more info about this Automotive Repair Franchise - Well Established, to ask any questions or request an appointment to see this business for sale. Thank you. License # SP44826. Blue Stone Business Group.

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Contact

  1. Name: Blue Stone
  2. phone iconPhone: 866-678-9484

Details

  1. Asking Price: $1,600,000.00

  2. Down: $350,000.00

  3. Cash Flow: $650,000.00

  4. Revenue:    $1,650,000.00

  1. Area: Corpus Christi

  2. City: Corpus Christi

  1. Attributes:

    Training & Support

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