Midas Auto Service SBA Qualified – Absentee Run – Coachella Valley

Midas Auto Service SBA Qualified – Absentee Run – Coachella Valley

 

Price:  $137,500     Down:  Call     Adjusted Net:  $80,000     Revenue:  $495,000

Established for over 30 years. Owner purchased in 1997. Cash flow and net income have shown consistent positive results the entire period. Sublease is in place with 5 year options until 2042 with Midas. Growth is available by adding tires and expanding services.

An owner/operator could increase the owner’s net to approximately $85.000 plus using social media and marketing.

Shop is well equipped with 6 Bays, 4 electrically operated lifts, one alignment rack, and in-ground lift for large vehicles and RV’s, computerized aligner with camera sensors, Midas POS system and numerous tools.

Assets include the value of current franchise agreement. Seven years are left on current agreement. A new franchise costs $30,000.Renewal of franchise costs $10,000 currently.

Shop is turnkey, being well equipped and staffed with four highly qualified staff and young outstanding Manager in place since 2005.

SBA pre-qualifies this business for a 20 % down and financed for 109 years.

Sale is contingent upon approval of buyer by Midas International.
$50,000 liquid assets and $250,000 net worth is the current benchmark requirement
Midas requires new owner to attend a 3 week training in Florida.

 

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