Business Overview

Opportunity to purchase well established, profitable auto paint and body shop located in a prime location in north Dallas. Fully equipped with an experienced staff to handle most any type of auto body work. Services include free drive in estimates, complete auto body repair, complete auto body painting, auto body frame straightening, hail damage repair, complete restoration, glass replacement, ding & dent removal, paint less dent removal and most custom work. Business has built a solid reputation over the past 40 years by giving great service & performing pro-level work. Repeat clientele.

Currently employs: 6 Full Time and 2 Part Time

Days Open: Monday – Saturday (closed Sundays)
Hours: Mon-Thurs 8 a.m. – 5:30 p.m
Friday 8 a.m. – 5 p.m.
Sat 10 a.m. – 2 p.m.

Extremely motivated seller. This is the last of several auto body shops he has owned over the years and is ready to sell and officially go into retirement.

Seller will provide on-site training after the purchase, assist in securing retention of employees and transfer of supplier relationships, provide on-call telephone assistance after completion of the training and sign a no competition agreement.

Listing Brokerage Firm: DBI-Business Advisors
Contact: Stocker Travis 833-717-7559 xtn 3
stocker@dbi-businessadvisors.com

Financial

  • Asking Price: $500,000
  • Cash Flow: N/A
  • Gross Revenue: $768,789
  • EBITDA: $107,623
  • FF&E: $100,000
  • Inventory: $8,000
  • Inventory Included: Yes
  • Established: 1981

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:4,180
  • Lot Size:N/A
  • Total Number of Employees:8
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Approximately 4,180 square feet. Monthly building rent: $6,666.68/Month

Is Support & Training Included:

Seller will train at no cost to buyer for two weeks

Purpose For Selling:

Retirement

Pros and Cons:

Business is in a great location.

Opportunities and Growth:

Business currently operating without a website. Mature business (40 years) with repeat business.

Additional Info

The business was started in 1981, making the business 41 years old.
The transaction shall include inventory valued at $8,000, which is included in the suggested price.

The business has 8 employees and is situated in a building with disclosed square footage of 4,180 sq ft.
The building is leased by the company for $6,666.68 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell companies. However, the real reason vs the one they tell you may be 2 entirely different things. As an example, they might state "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may just be excuses to attempt to hide the reality of changing demographics, increased competition, current decrease in revenues, or a variety of various other factors. This is why it is very essential that you not count entirely on a vendor's word, however instead, use the vendor's answer combined with your total due diligence. This will paint an extra sensible picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Numerous companies finance loans so as to cover things such as supplies, payroll, accounts payable, and so on. Bear in mind that sometimes this can indicate that earnings margins are too tight. Lots of businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that need to be satisfied or may lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area bring in new consumers? Most times, companies have repeat clients, which create the core of their day-to-day earnings. Particular factors such as brand-new competitors sprouting up around the location, road building and construction, and employee turnover can affect repeat customers as well as adversely impact future earnings. One crucial point to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business often, the better the opportunity to construct a returning client base. A final thought is the general area demographics. Is the business placed in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the regional typical house income influence future revenue potential?