TRUCK ACCESSORY & SPRAY - ON BEDLINERS
Seller:
Attn:
C. J. (Charlie) Vlahos
Location:
Greater Danbury CT Area, CT, USA
Listing Number:
"226"
Overview:
This business sells and installs truck accessories & spray - on bedliners. This Franchise is known for its quality products and word is getting around about them.
The Owner started operations in 2005 as an absentee operator. Now the business has grown too big for him - he can't devote the necessary time to take it to the next level of growth.
For more details you must fill out the Confidentiality Agreement & Questionnaire and fax to Blanket Real Estate 203 702 5177.
Hours of operation are: Monday thru Friday 8:00 to 7:00, Saturday 8:00 to 1:00, closed Sunday. Total hours of operation are 60. The Owner's wife works in the office during the day and the Owner comes in the evening. There are 2 full time employees.
Property Features and Assets:
The Owner's investment is conservatively valued at +/- $75,000. The business is less than 3 years old and is finally poised to become profitable. This year the business is still expected to loose money. Its breakeven point is only +/- 17% more than this year's expected volume and the level to obtain $50,000 for the Owner is only 54% higher than this year's estimated volume.
The business is located in a well maintained office/warehouse area. There is 6,400 s.f. of space with plenty of offices for outside salespeople etc. The shop has 2 overhead doors and can accommodate almost any size vehicle they work on.
The lease is a fair lease - especially for this A+ location. Base rent is $3,733.33. R.E. Taxes & CAM charges are $1,067.00 for a total rent of $4,800.33/month. The base rent is only $7.00 psf! There is 3 years remaining in the term plus 2 1-year options. Rent increases +/- 3% per year. The price of this business is $89,000 + inventory of +/- $6,000 + the Franchisor’s transfer fee of $7,500.
Market Competition and Expansion:
If an Offer is made at the asking price financing 50% of the purchase price over 3 years at 10% interest might be considered. The note would need some sort of security other than the business, be personally guaranteed and be approved by Owner's lawyer/accountant.
Additional Details:
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