Profitable Body/Paint Shop- Eastern Georgia

Business
  • Listing# : 16152
  • Listed Price : $649,900
  • Total Sales : $782,046
  • SIC : 7532
  • Down Payment : $65,900
  • Status : Active
  • Discretionary Earnings : $260,496

Business Type :

Automotive / Auto Body Shop

Business Description :

This is a profitable and well-established body and paint shop in eastern Georgia. They have been in business in their current location since 2013 and have shown consistent profit for the last several years. The shop is well equipped and neat. 

The cash flow shown is for a buyer purchasing the business and the real estate.

Under the CARES Act as revised by the Stimulus Act, if you use an SBA 7(a) guaranteed loan, this company qualifies for 6-months of principal and interest paid by the SBA to the lender on your behalf. The loan payments paid by the SBA are not taxable. The SBA is also waiving its loan guarantee fee (3% of the guaranteed amount for this size loan). The SBA guaranteed loan must be approved by the SBA before 9/30/2021, or earlier if funds run out.




Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $400,000
    • Incl : Yes
    • Inventory $15,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $50,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $465,000
    • Incl : Yes

Lender Prequalified: Yes

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Automotive