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California
Oil Change Franchise - Absentee Run, Est 32 Years
Asking Price
$4,250,000
Revenue
$18,385
Down
$430,000
Cash Flow
$1,335,545
Description
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.”
Posting Information
Posting ID:
289540
Business Category:
Automotive & Vehicle, Service
Business Types:
Maintenance, Oil-Lube, Car Tune-Up Shop
Oil & Lube Shops
Keywords:
california
auto
oil
franchise
Attributes:
Absentee Run
Existing Franchise
SBA Loan Pre-Qualified
Semi Absentee Run
Training And Support
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Posting Title
Oil Change Franchise - Absentee Run, Est 32 Years
Posting ID
#289540
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