Listing ID: 69874
Business Overview
Repeat Clients | Consistent Business | High Discretionary Earnings
This Northeastern Oklahoma body shop is the opportunity you have been looking for to confidently enter the highly profitable collision repair industry or to expand your current holdings. Its established name, expertly trained technicians, trusted relationship with insurers, and loyal clientele make it an excellent investment opportunity. On top of that, its ample facility would allow an aggressive owner to effectively double operations and revenues! Current owners are ready to retire.
This collision repair center also does paintless dent repair. Considering that almost every driver will need a body shop at some point in their life and most drivers will return to a shop they have been to before, the time to get into this market is now!
The shop area is 12,000 sq. ft. with a paint booth and adequate space for growth. The shop is ASE certified, I-CAR certified, and is an accredited business on BBB. (Better Business Bureau)
Financial
- Asking Price: $650,000
- Cash Flow: $164,100
- Gross Revenue: $1,353,281
- EBITDA: N/A
- FF&E: $89,000
- Inventory: $10,000
- Inventory Included: Yes
- Established: N/A
Large 12,000 sq. ft. facility with paint booth
Owner is willing to train for negotiable time period
Retirement
Room for growth and added service opportunities
Additional Info
The deal will include inventory valued at $10,000, which is included in the listing price.
The property is leased by the business for $12,500 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell businesses. Nevertheless, the real factor vs the one they tell you may be 2 completely different things. For instance, they may say "I have too many various responsibilities" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may simply be justifications to try to hide the reality of altering demographics, increased competitors, current reduction in revenues, or an array of various other reasons. This is why it is extremely essential that you not count entirely on a vendor's word, but instead, use the vendor's response together with your overall due diligence. This will paint a much more practical image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies finance loans with the purpose of covering things such as supplies, payroll, accounts payable, etc. Remember that sometimes this can suggest that revenue margins are too thin. Many companies fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that should be satisfied or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in brand-new consumers? Most times, operating businesses have repeat consumers, which develop the core of their daily earnings. Particular factors such as new competition sprouting up around the location, roadway building, and also personnel turn over can affect repeat clients as well as negatively influence future earnings. One important point to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business on a regular basis, the better the possibility to construct a returning customer base. A final thought is the basic area demographics. Is the business situated in a largely populated city, or is it located on the outside border of town? Just how might the regional typical household income effect future revenue prospects?
