Business Overview

High volume, high profit auto body shop in the St Louis region. In business for over 40 years. Business has a great customer base with numerous fleet accounts and insurance relationships. Facility is over 17,000 sq ft with fully equipped stalls, paint booths and state of the art equipment.

No experience in the auto industry is needed with a well-seasoned crew in place that will make transition a smooth process. Owner is willing to stay on to train /support for an extended period of time. Business could be great for an investor with business being priced a little over two times earnings.

2021 projected sales up to $2.4 million. For more information, call Len Behnen at 314.703.7978 or info@premierbb.com.

Financial

  • Asking Price: $795,000
  • Cash Flow: $336,168
  • Gross Revenue: $2,263,026
  • EBITDA: N/A
  • FF&E: $252,500
  • Inventory: $25,000
  • Inventory Included: N/A
  • Established: 1981

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:17,365
  • Lot Size:N/A
  • Total Number of Employees:9
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Building Own 17,365 sq. ft. Real Estate is available for an additional $250,000

Is Support & Training Included:

Yes

Purpose For Selling:

Other Opportunities

Opportunities and Growth:

Could Expand New Construction

Additional Info

The venture was established in 1981, making the business 41 years old.
The deal shall not include inventory valued at $25,000*, which ins't included in the asking price.

The company has 9FT/1PT employees and is located in a building with disclosed square footage of 17,365 sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons people choose to sell businesses. However, the real factor and the one they tell you might be 2 completely different things. For instance, they may claim "I have too many various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might just be reasons to try to conceal the reality of changing demographics, increased competition, current reduction in revenues, or a range of other factors. This is why it is extremely important that you not depend completely on a seller's word, yet rather, utilize the seller's response in conjunction with your general due diligence. This will repaint a more practical image of the business's present circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of companies take out loans with the purpose of covering items like supplies, payroll, accounts payable, etc. Keep in mind that occasionally this can suggest that earnings margins are too tight. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that should be satisfied or might result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location draw in brand-new consumers? Often times, companies have repeat clients, which create the core of their day-to-day earnings. Certain factors such as brand-new competition growing up around the area, road building and construction, and also employee turn over can impact repeat customers as well as negatively impact future revenues. One essential thing to think about is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business regularly, the greater the opportunity to develop a returning client base. A last thought is the basic area demographics. Is the business situated in a largely inhabited city, or is it situated on the edge of town? Just how might the local typical home earnings impact future income prospects?