Business Overview

Turn key body shop with a Class B Full Collision Repair License, 3 Dealer Plates and Towing License. The 4,600 SF block building sits on a half acre lot, offering plenty of parking for vehicles. Three exterior overhead doors for easy access. Property includes equipment and licenses. Equipment includes Quadrabeam frame machine, Spirit 2 Two Post Lift, Spray Booth/Room, Quincy air compressor and Cromax Tint Mixing Machine w/ inventory. Located just minutes from the Massachusetts border.

Financial

  • Asking Price: $589,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:4,600
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

Retiring

Additional Info

The business has 4 employees and is situated in a building with approx. square footage of 4,600 sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people decide to sell operating businesses. Nonetheless, the real factor vs the one they tell you may be 2 totally different things. As an example, they might claim "I have too many other obligations" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may just be reasons to try to conceal the reality of altering demographics, increased competitors, current reduction in incomes, or an array of various other factors. This is why it is very important that you not depend completely on a vendor's word, however instead, make use of the vendor's solution in conjunction with your total due diligence. This will paint a more reasonable picture of the business's current situation.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses borrow money in order to cover points like inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that revenue margins are too tight. Numerous businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that have to be satisfied or may cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area bring in brand-new clients? Often times, businesses have repeat customers, which create the core of their day-to-day profits. Specific aspects such as new competition sprouting up around the area, roadway building and construction, as well as personnel turnover can influence repeat customers and also negatively influence future earnings. One essential thing to consider is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Certainly, the more individuals that see the business on a regular basis, the greater the opportunity to develop a returning customer base. A final thought is the general area demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? Exactly how might the neighborhood median home income impact future revenue potential?