Auto Body Shop Netting $197K

Business
  • Listing# : 18648
  • Listed Price : $1,500,000
  • Total Sales : $1,433,408
  • SIC : 7532
  • Down Payment : $1,500,000
  • Status : Active
  • Discretionary Earnings : $197,242

Business Type :

Automotive / Auto Body Repair

Business Description :


Location..location...location is key! This very well run and very profitable Auto Body Shop which has been around for close to 30 years and now the owner is looking to pass it onto the right buyers.


KEY POINTS:

  • They have their DEALER LICENSE - not utilizing it! 
  • very clean tax returns
  • Did we mention location..location..location! Rt1 property..lot's of traffic
  • owner willing to stay on for 1 year for a smooth transition 
  • Currently dealing with 10 dealerships
  • 2 buildings 
  • BIG Lot 
  • Longterm employees 
  • Owner is selling the property for $2.5M
  • surrounded by lots of car dealers
GROWTH OPPORTUNITIES:
  • owners don't advertise at all so doing this will increase sales!
  • can take on more accounts..owners are content with what they have and have not taken on anymore accounts.... but it's there
  • hire second shift...the demand is there for it
  • can do police towing..opportunity is there.. owners don't want to do it
  • make use of Dealer License...current owners not using it 

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $50,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $550,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $300,000
    • Incl : Yes
    • Total Assets $900,000
    • Incl : Yes

Lender Prequalified: No

Similar Listing :

Automotive