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Established Quick Lube Fully Equipped and Staffed

Sycamore, IL

Seller Financing Available

listing image
Asking Price:$50,000
Inventory:$20,000
FF&E:$30,000
Cash Flow:$35,000
Rent:$5,400/Month
Established Year:1999
Listing ID: 2195961Listing provided by BizBuySell
BUSINESS DESCRIPTION

Established Quick Lube Brand in the market for over 20 yrs, many faithful customers and properly trained staff.
Fully furnished and equipped, fully staffed and running.
Capable of performing small mechanic services as well ALL vehicle maintenance, including Oil Changes, Transmission flushes, AC Services, Coolant Flushes, power steering, brakes, etc. The unit has a basement and is set up for drive in and out with no lifts. It does have a tandem lift in one of the bays for mechanicals and tire rotations. Shelfs wall to wall in the basement and a lot of storage space in the bay area. Compressor has new electrical components and belt; AC Unit and heater is properly maintained at least twice a year.
Building has an enclosed lobby with bathroom and a separate office as well. There is also attic space with a lot of room for storage.
The outside has been painted less than 2 years ago.
All Equipment will be sold with the location.
All inventory is part of the sales price as well; inventory is set to run 3 weeks.
Selling price is for business only, real state is not part of the sale.
Buyer needs to be approved by the franchisor.

DETAILED INFORMATION
Location
Sycamore, IL
Inventory
Included in asking price
Real Estate
Leased
Lease Expiration
01/01/2028
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Two Bay quick lube building with basement Enclosed lobby with bathroom enclosed Office Employee bathroom in the basement Plenty of storage (shelves) 3 large capacity tanks, 2 for oil and 1 for used oil 3 smaller capacity tanks for oil Tanks for coolant and window washer reels for the most commonly used oil, window washer and coolant tandem lift AC Machine Coolant machine Power Steering Machine Assorted evac pumps All necessary hand tools and Tools storage Inventory to run at least 3 weeks
Competition
Recession proof business. Needs to be worked on to capture customers going to new business which opened in the last 2 years. Jiffy Lube and Take 5 recently opened in Sycamore which is driving customers away, but those locations are owned by corporate so the service is not good. This location is one of my many locations and I don't have the time to dedicate to it to recapture those customers. This location needs an owner operator that can work with the staff and provide exceptional customer service to bring back the customers that once were loyal.
Growth & Expansion
Facebook is opening a gigantic campus in Sycamore which is certain to bring customers to the town. The location is in a really good spot almost in front of a mcdonalds and in the same parking lot as two schools and several businesses, so there is a lot of potencial for someone looking to rebuild a location that is well established and a great brand.
Financing
1/2 of selling price
Support & Training
Training can be done up to a month depending on negotiations.
Reason for Selling
Needs Attention that I can not give it being a multi location owner.
Franchise
This business is an established franchise
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Phil Scatena
Phone Number
Phil Scatena
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