Listing ID: 82069
Retiring owner wants to sell this well-established body and repair shop that has been serving their customers since 1972. This small business is the perfect opportunity for someone skilled and experienced in collision and auto repair who wants to become his own boss and control their future. This spacious facility is perfect to accommodate large vehicles, trucks, and cars. The shop offers a full office wash bay, downdraft climate paint boost, paint mixing room, four bay mechanic shop with front end alignment machine. The current employees are open to continuing work with new owners if desired and all equipment/supplies (other than paint) are included. The employees are skilled and can repair almost anything that comes their way. The body shop works with all major Insurance companies, walk in customers and does have contracts. The owner has built an excellent reputation, something the buyer would benefit greatly from and can build on. Asking price $250,000. The real estate is available to purchase separately from the business sale. Please email or call Rob Formanek, firstname.lastname@example.org or 402-505-0100 for business details. An NDA and Buyer Confidential documents must be completed and signed to release any information about this listing.
- Asking Price: $250,000
- Cash Flow: N/A
- Gross Revenue: $775,000
- EBITDA: N/A
- FF&E: $210,000
- Inventory: $10,000
- Inventory Included: Yes
- Established: 1972
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:39,000
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
Fully equipped spacious facility with everything needed to provide full-service repair and body work. Facility can accommodate storage of multiple vehicles including oversize vehicles.
Owner is very open to transitioning a buyer. All employees expected to stay on
Very little competition in the area. High quality service with fast turn around times.
Add another mechanic to grow the auto repair. Continue looking for more contracts with local small businesses.
The business was established in 1972, making the business 50 years old.
The sale does include inventory valued at $10,000, which is included in the asking price.
The business has 7 employees and is situated in a building with estimated square footage of 39,000 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell operating businesses. Nonetheless, the real factor vs the one they say to you might be 2 totally different things. For instance, they might say "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may just be excuses to try to hide the reality of altering demographics, increased competition, current reduction in incomes, or an array of other reasons. This is why it is extremely essential that you not depend totally on a seller's word, but instead, utilize the seller's response together with your overall due diligence. This will paint an extra practical image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous operating businesses borrow money in order to cover points such as stock, payroll, accounts payable, etc. Keep in mind that sometimes this can imply that profit margins are too small. Lots of organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that need to be fulfilled or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location bring in brand-new customers? Often times, companies have repeat customers, which create the core of their everyday profits. Certain variables such as new competition sprouting up around the area, road construction, and personnel turnover can influence repeat clients and negatively affect future revenues. One important point to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business often, the greater the possibility to construct a returning client base. A last idea is the basic location demographics. Is the business located in a largely populated city, or is it situated on the outskirts of town? How might the neighborhood average house income effect future earnings prospects?