Well Equipped Collision and Body Shop in Southwest VA

Business
  • Listing# : 15286
  • Listed Price : $849,000
  • Total Sales : $1,771,769
  • SIC : 7532
  • Down Payment : $84,900
  • Status : Active
  • Discretionary Earnings : $394,100

Business Type :

Automotive / Auto Body Shop, Automotive / Painting/Touch Up

Business Description :

Full-service auto body and custom painting business in Southwest Virginia. Established in 2005, the Company is the largest and best-equipped shop in the area. It has built a solid reputation with drivers and insurance companies -- with approximately 90% of their business coming directly from insurance companies. Great location near interstate provides easy access to surrounding areas and the go-to shop for tow trucks responding to local accidents.

Lender pre-approved for qualified buyer with 10% down. Prime + 2.75%. 10-year term for business only, 14-year term for business and real estate. The seller's discretionary earnings includes a $31,000 charge for rent. The cash flow available to a buyer of the business and the Real Estate would be $425,000 based on the Last Twelve Months. Seller will finance up to 10% depending on terms and structure of overall offer and buyer qualifications.

The Company saw a slowdown in 2020 as fewer drivers on the road during shutdowns and stay-at-home guidance resulted in fewer drivers running into each other.  Business has recovered well in 2021 and YTD 2022 SDE is 10% above 2021.  2021 revenue and SDE are shown without the benefit of approximately $110,000 of above-average sublet work, with sublet, the SDE would be approximately $504,000.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl : Available
    • Inventory $7,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $134,500
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $141,500
    • Incl : Yes

Lender Prequalified: Yes

Similar Listing :

Automotive