- Property ID: 835
- Date added: 10/26/21
- Broker: Thomas D. Poyser 317-513-2898
- Asking Price: $ 1,400,000.00
- Revenue: $ 3,476,000.00
- Cash Flow: $ 343,000.00
Three-Location MIDAS Auto Repair Centers – Central Indiana [UNDER CONTRACT]
Profitable MIDAS auto repair shops, Central Indiana
The Company is a three-location MIDAS auto repair centers located in Central Indiana. The Company is a three-location premium provider of tire, automotive, and other related services and sales. It employs a well-trained staff specializing in providing exceptional auto mechanic services. Complete under-car services, such as oil changes, brakes, exhaust, tires, and suspension for both foreign and domestic vehicles are readily available at competitive prices.
The Company maintains an excellent reputation within the regional geographic market. It draws robust interest throughout its home state, but generally targets clients within a 30-mile radius of its locations. The Company has an active client list of over 156,000 entries that it leverages to bring in a consistent flow of repeat customers. Its three auto repair garages range in size from 5,000 to 8,900 square feet, and are currently staffed by a total of 22 full-time and 2 part-time employees.
Employees: 22 FT, 2 PT
Facilities: 8,904 Sq.Ft. lease expires 2028; 5,418 Sq. Ft. lease expires 2030; 4,972 Sq. Ft. lease expires 2022
Real Estate: Leased facilities
Growth & Expansion: The automotive maintenance industry benefits from inelastic demand for its products and services. Demand for the Company’s products and services should remain consistent regardless of the ups and downs of economic cycles.
Competition: There are other similar shops located within 5 miles of two of the shops and no similar competition in the third shop location.
Support & Training: 30 days support within the purchase price
Reason for Selling: Retirement