Total of 18657 firms and businesses for sale today Thursday 28th March 2024
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Sold. Profitable Midas Dealership In Upscale Beach Community

LISTING DETAILS
Firms For Sale ID:
28588
Vendor reference:
022312
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
$345,000
Furniture, fixtures, fittings and stock included.
Turnover / revenue:
$785,000
Net profit / cashflow:
$120,000
Years established:
1996
Trading hours:
Hours: M-F 7:30 am – 6:00 pm, Sat 7:30 am – 5:00 pm
Number of employees:
4

OTHER DETAILS
Reason for selling:
Relocating out of state
Financing available:
$172,500 for 48 months at 7% interest
Support and training:
2 weeks for 40 hrs per
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease length:
2016
Lease terms:
Shop size is 1,992 sq ft with 3 bays and 5 lifts. Located with signage on very busy Pacific Coast Hwy. Base rent is $6500 per month through 5/31/2016 and $6750 through 4/29/2018. Ten Yr Option.
 
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BUSINESS DESCRIPTION
One of the best Franchises you can buy, this Midas shop has been in business since 1989. Oil change, mufflers, auto repairs service. The current owner has elevated the store to an Award Winning location and a local brand favorite. This turn key business operates out of a 2100 sq ft facility that has 3 bays with lifts and two outside low level racks. Situated on a heavy trafficked street, this location boosts high customer satisfaction ratings and customer retention numbers. Plenty of opportunity for growth by extending hours and opening an extra day. Included in the price is $40,000 worth FFE and $15,000 in inventory.