TRANSMISSIONS - SALES & SERVICE FRANCHISE Vancouver, WA
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BUSINESS PROFILE
This transmission sales and service company opened May of 2000. It started out slow because of a mix up in the yellow pages and weren't placed until Dec. 2000. Once the Yellow Pages hit, the business took off and expanded rapidly in 01' & 02'. In 02', the owner expanded from 4,000 sq ft to 6,000 sq. ft. and added 4 more technicians and a manager. however, over the next three years, 2 more transmission shops opened in East and West Vancouver which cut into sales, but not so much that the business wasn't profitable. The holding company that owns this transmission franchise also bought AAMCO and now are under the same corporate umbrella. In Sept. of 07', the owner cut his square footage back to 4,000 sq. ft. and cut the number of technicians back to 3, but kept the manager. A buyer will have the option to make this Franchise either a Cottman or AAMCO franchise. (NOTE: CONFIDENTIALITY IS A SELLERS HIGHEST PRIORITY WHEN EXPOSING HIS/HER BUSINESS FOR SALE; THEREFORE, FOR A PROSPECTIVE BUYER TO MOVE TO THE NEXT STEP OF OBTAINING THE (CBR) CONFIDETNTIAL BUSINESS REVIEW, AND SCHEDULE A MEETING AND TOUR OF THE BUSINESS, HE/SHE MUST SIGN A NON-DISCLOSURE/CONFIDENTIALITY AGREEMENT (NDA). THANK YOU FOR YOUR COOPERATION, NORWEST BUSINESS SALES.
RECASTED SUMMARY INCOME STATEMENT
2009 Annualized 2009 2008 2007 2006 Sales $599,810 $349,889 $641,496 $641,743 $757,586 Cost of Sales $129,843 $75,742 $244,744 $235,288 $298,988 Gross Profit $469,967 $274,147 $396,752 $406,455 $458,598 Expenses $390,477 $227,778 $390,658 $416,443 $433,175 Net Operating Income $79,490 $46,369 $6,094 ($9,988) $25,423 Depreciation / Amortization $0 $0 $6,695 $6,695 $8,330 Interest Expense $0 $0 $1,603 $2,132 $2,277 Officers Salary $0 $0 $43,680 $41,440 $41,440 Sellers Discretionary Income $4,725 $2,756 $11,761 $11,773 $10,740 TOTAL CASH FLOW (Seller's Discretionary Earnings) $84,215 $49,125 $69,833 $52,052 $88,210
PRICE & TERMS Purchase Price: 175,000 Down Payment: $75,000 Inventory: 10000 Equipment: 350000	LEASE Base Rent (Includes CAM) 3673 Expires: 2011 Option(s): 1-3yr Square Feet: 4,000
OPERATIONS
Number of Employees: Full Time Part Time Owners   1  Non Owners 4	Licenses Required: Washington Master license  City Biz
Hours of Operation Monday 8 - 5:30  Tuesday   Wednesday   Thursday   Friday 8 - 5:30  Saturday by apmt  Sunday
MISCELLANEOUS
Reason for Sale: Retiring Year Established: 8 Type of Organization: S-Corp Training: Franchise and one week on premises

Disclaimer: The information herein is compiled from information provided by the Seller(s). NorWest Business Sales makes no representations as to its accuracy or reliability. Prospective Buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.

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