Established Meineke / Econo Lube - Polly
Location: Texas > Dallas County > Dallas
Industry: Auto Related > Auto Body and Repair
Financials
Asking Price: $124,000
Gross Revenue: $468,000
Inventory: $7,500 (Included in Asking Price)
FF&E: $28,000 (Included in Asking Price)
Seller Financing: Financing is available for a portion of the purchase price. The company would consider financing up to 40% of the price. A major portion of the price is for supplies, inventory, computer system and pre-paid rent.
Business Summary
Established Meineke Care. Company owned facility being offered to an investor or owner/operator. The holding company, Driven Brands, Inc., has brought Meineke Car Care Center and Econ Lube together under for one operation. Turn key operation with complete training, company support, advertising program and computer system with custom software provided. Entrepreneur Magazine has ranked Meineke ranked #2 in the category, gMiscellaneous Repair and Maintenance Services.hBenefits include protected territories and on-going technical and business support. The company will consider financing about 40%. This would allow a Buyer to purchase two businesses for about the price of one and double the cash flow. Four locations available in the Dallas area. The actual financial records and projections will be made available to interested qualified buyers. It is reasonable to expect that an owner/operator of a well managed operation could retain a cash flow of approximately 17% to 20% of the gross.
About the Business
Year Established: 1989
Employees: 5 full time -
Franchise: Yes
Facilities: Land: 10,000 sf, œ Building: 2,500 sf œ Garage: 5 Bays
Market Outlook and Competition: Competition: The business is located on a major road. Locations are carefully selected for visual appeal, the ease of entering and exiting, traffic flow and the surrounding demographics. Growth/Expansion: Since the business has be recently co-branded as a combination Meineke Care Center and an Econ Lube, the business now has twice the drawing power and twice the product line to offer. The company believes the business could be doubled and even tripled with an experienced, dedicated operator.
About the Sale
Management Training and Support: Meineke and Econo Lube are brands owned by Driven Brands, Inc. They are separate franchise operations, but are now joined together under one operation. Full training and support will be provided and company representatives will be available to assist new owners get established and operate their businesses.
Reason For Selling: The holding company, Driven Brands, Inc. has decided to sell a number of their company owned locations to franchisees and spend their efforts supporting these operations as the franchisor.
Attached Files - Attachment Disclaimer
| Executive Overview - Polly |
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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