Under Agreement For Sale In Worcester County, Ma - Business Making $706,300/yr

Under Agreement - Midas full Service Auto Franchise - Profitable and Growing

Financial Information

  • Asking Price: $150,000
  • Gross Revenue: $706,300
  • Cash Flow: $79,271
  • Down Payment: 0
  • FF&E (Included): N/A
  • Inventory: N/A
  • Financing: Yes

Business Location

  • Worcester
  • Worcester County
  • Massachusetts
Primary Business Category: Automotive Repair and Maintenance

Great opportunity to acquire and own a well established, full service Auto Repair Franchise. Strategically located on a busy main road in close proximity to residential and business communities, ensures this business a high volume of vehicle traffic. Well maintained building built for this franchise - owned by Midas. Six bays with five lifts. Great potential to increase the volume of business by expanding the hours and hiring additional staff. Mostly repeat business with large database of loyal customers. This Midas provides a complete line of services including brakes, exhaust, welding, air conditioning, oil changes, tire sales, and preventive services. Sales have grown from $400,000 in 2015 to $750,000 currently with little impact from Covid19. Much more information about this business is available. This is a confidential listing; so, in order to share the details with you we will need you to fill out the "Contact the Seller" area on this page and provide the requested information. You will be asked to sign a non-disclosure agreement.

Competition Description

Very few local competitors provide full service.

Growth / Expansion overview

New owner could easily expand the hours and add a shift – there is enough demand for the services provided by this location. Many other opportunities to increase profit exist.

Support / Training Comments

Midas provides a thorough and mandatory training program to all new franchisees. In addition, the seller will be available for up to 4 weeks if needed to transition and train the buyer on the specifics of this location if needed.

Reason For Sale
Owner wishes to pursue new opportunities
  • Home Based: No
  • Year Established: 1985
  • Franchise: Yes
  • Year Acquired: 2015
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences:

  • Is Property Leased: Yes
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Days Open: Mon - Fri
  • Hours Open: 8am - 5pm
  • Fulltime Employees: 6
  • Part time Employees: N/A
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: $0
  • Monthly Rent: $5,864
  • Lease Miscellaneous: Midas owned property - lease concurrent with franchise agreement

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Business Listed by

Sunbelt Boston and Providence

Contact: Joshua Meltzer
Office Phone: 8574008420
Mobile Phone: 617-500-5250
Listing ID: BOSTOMA002-N17

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Disclaimer: No salesperson, field representative or other person has the authority to make a statement, promise or assurance concerning any matter related to the franchise that is contrary to, or different from, the information/terms contained in the Franchise Disclosure Document/Franchise Agreement. Any such statement, promise or assurance is unauthorized, unwarranted and unreliable. If you believe someone has made an unauthorized statement, promise or assurance to you, please contact Jessica Czekalinski, Esq. at 216-674-0645 ext. 619.