Established, Profitable Quick Lube Passive Owner

Listing Details:

• Business Category:   Automotive - Quick Lube
• Price:                           $585,000
• Gross Revenue:          $383,813
• SDE:                              $100,706
• Seller Financing:        $270,000 (Contract for Deed on Real Estate)
• Location:                      Southern Minnesota
• Employees:                 4
• F&E:                             $33,600
• Support & Training:    8 weeks
• Reason for Selling:     Retirement
• Non Compete:             200 Miles for 10 of Years
• Year Owned:                24
  
  

Business Description:

This profitable, long established quick lube business enjoys local name recognition and return customers. Currently 15% revenue growth year over year in 2022. Owner has limited involvement in daily operations with a strong manager in place. Great opportunity for expanding your current business or for a first-time entrepreneur. Independently owned and operated without franchise royalties. This business performed well during Covid and would be expected to be recession resistant. Large amount of seller financing available for qualified buyers.

Business History:

Same owner, same location for 24+ years.

Facilities:

2 bay, traditional quick lube facility with a full basement and office/customer waiting area. Potential for seller financing through a contract for deed for the owned real estate or an option to rent from the Seller.

Owner Weekly Hours:

• 3 Hours