TIDEWATER AREA AUTOMOTIVE PROTECTIVE COATINGS FRANCHISE COMPANY

Listing Number: 12451-426263

Description

Key Investment Considerations:

• May 21st through December 31st, 2018 Gross Revenue of $411,227.
• May 21st through December 31st, 2018 Seller Discretionary Earning of $89,815 and tracking for $153,968 for 12 continuous months.
• Provide automotive protective coating (Bedliner & Undercoating) & truck & SUV accessories.
• #1 Spray-on truck bedliners and protective coatings franchise
• 60% Retail VS 40% Wholesale business spread
• Internationally recognized, reputation and great social media presence along with franchisor national advertising.
• Management is currently in place for semi-absentee operation.
• $52,000 manager salary can be saved as owner salary for any owner/operator
• 4 years of franchise right left and no cost for renewal, no monthly loyalty to franchisor.
• Required working capital of $50,000 on a monthly basis.
• Easy to follow step-by-step business model with regular franchisor training and district franchise development manager visits.
• Mobile service is also available
• Reason of sale: other business interest.
• Additional income streams and services can be added to current business model to increase profitability.

This automotive protective coatings franchise location was originally acquired by current owner back in 2011. The company was sold to previous owner/manager back in October of 2016 through May of 2018. Original franchisee/current owner took the business back in May of 2018 and has been running remotely since. Because of far distance from owner’s residence & possibly other business interest, this great franchise location is available for acquisition. Since the current owner took the business back, revenue and net income has been back to its normal and better level. Currently, owner visits business 2 days per month. However, local owner/operator can save up to $52,000 in manager salary. Business opens from 7 am to 4:30 pm, Monday through Friday. Corporate training is available for new franchisee and ongoing visit by regional business development manager regularly. Great growth opportunity is available through mobile service, truck accessories and more. With a positive mindset and great ethics, new owner/franchisee can take this soaring business to another level.

Listing Details

  • Price: $375,000
  • Down Payment: $262,500
  • Sellers Discretionary Earnings: $146,765
  • Total Sales: $704,960
  • Location: Virginia

  • Inventory: $10,000
  • FF&E: $100,000
  • Employees: 5
  • Reason for Selling: OTHER BUSINESS INTEREST
  • Category: Automotive
TIDEWATER AREA  AUTOMOTIVE PROTECTIVE COATINGS FRANCHISE COMPANY

Business Listed By:

Carven Cheung