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Vipergrün Vipergrün is offline
Formerly bb80sc
 
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Join Date: Aug 2001
Location: Hollywood Beach, CA
Posts: 4,361
So, the business is an establish full service repair, brake, maintenance franchise. No, it's not a Jiffy Lube or Meinike. Yes, there are franchise nightmares out there, and there will be associated fees. However, this one is very supportive and has a strong owner network in SoCal. This shop has been in the area for quite a while. I would have a lot of freedom and flexibility to run the shop, implement ideas, etc. It is staffed with employees who will come over in the deal, which should help with the transition. It will likely be 6 12 hours a week initially, even with a manager until I know it inside and out.

I am trying to have a very realistic approach to the deal. The current owner is 80+% absentee. I will be much more hands on, but not necessarily turning wrenches, but I could.

Gross sales have been trending up, as have net profits.

The broker claims to have another interested party, I may call his bluff and ask for more time.

Wife has health insurance, so that is a plus

Thank you all for your replies!

-Brad
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Cheers
-Brad
2015 Cayman GTS
2015 4Runner Limited

Last edited by Vipergrün; 01-28-2014 at 10:30 PM..
Old 01-28-2014, 10:26 PM
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