Oil Change Franchise - Absentee Run, Est 32 Years

This is a semi-absentee owner run business, featuring a seasoned general manager who oversees a diligent work force. The owner lives out of state and is not involved in the day-to-day operations of the business. Established thirty-two years, sales and profits have constantly risen since purchased ten years ago. Part of a national franchise, the store has become the highest performing unit in the franchisee network. The shop’s revenues main come from oil changes and lubes, and the sales and service of tires and brakes, but also any other auto maintenance and repairs as permitted by the franchisor.
Situated in a historic farming community on the outskirts of a large metropolitan area, the town continues to transition into a commuter suburb and a commercial hub for businesses that provide services to the nearby metro area. A national company, already a sizeable employer in town, is erecting a one million sq. ft. facility that will hire hundreds of new workers owning cars and operating service vehicles that will need regular maintenance, further expanding this store’s customer base. The newly refurbished premises contain fifteen service bays, more than adequate to meet the needs of future growth.
For the prospective buyer, the current annual ROI is 113% (based on EBITDA), plus a growing equity in the business as the buyer's SBA loan is paid down. The SBA lender desires the ideal applicant to have $1MM liquidity (one-half to be used for the cash injection), own one’s home and/or other real property, and possess a successful track record in the business world or in one’s profession.  And, according to the franchisor, to qualify as a franchisee, “You DO NOT need an automotive background.”