Listing ID: 82888

Business Overview

Simple/Low Cost, High Volume 10-minute oil changes!
We use small Footprint Kiosks units in high traffic parking lots at strip malls or walk-in malls or adjoined with High Volume Businesses with lot space like McDonalds or Dunkin Donuts. This new approach to the Quick Lube industry is centered around reducing fix costs as well as using less people while increasing top line revenue by building smaller more efficient units in high traffic areas.
Key Benefits:
*Semi Absentee/Manage the manager, small staff needed, no need for Full-Basement and large holding tanks. Owner financing in place!
*Business Model divers Maximum Revenue, driven by two key metrics: High Vehicle Counts and minimized bay time. Average bay time is 8-10 minutes.
*Streamlined operation reduces overhead with only 2-3 employees per shift.
*Unique Employee incentive program focused on creating happy customers and repeat business.
*Competitive negotiated pricing on products for high gross margins

Financial

  • Asking Price: $196,900
  • Cash Flow: $136,500
  • Gross Revenue: $335,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Why is the Current Owner Selling The Business?

There are all types of reasons why people decide to sell companies. Nonetheless, the genuine factor and the one they say to you may be 2 totally different things. For instance, they might say "I have too many other obligations" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might just be excuses to try to hide the reality of changing demographics, increased competitors, current decrease in incomes, or an array of other factors. This is why it is very vital that you not depend entirely on a seller's word, however rather, use the vendor's response along with your total due diligence. This will paint an extra realistic picture of the business's present scenario.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies borrow money so as to cover items such as inventory, payroll, accounts payable, and so on. Remember that in some cases this can indicate that profit margins are too small. Numerous organisations fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that must be fulfilled or may lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location draw in brand-new consumers? Often times, companies have repeat consumers, which create the core of their day-to-day revenues. Specific aspects such as new competitors growing up around the area, road building and construction, and also employee turnover can influence repeat clients as well as negatively affect future revenues. One vital point to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business regularly, the greater the possibility to develop a returning client base. A last thought is the basic location demographics. Is the business located in a densely populated city, or is it located on the outside border of town? Exactly how might the neighborhood median family income impact future revenue prospects?