Listing ID: 82331
This is a great opportunity to own a thriving body shop business and a great industrial building. Wreckonciled Collision Center has a great reputation and shows consistent year-over-year growth.
The large shop area includes a GFS downdraft paint booth (with drive-ion door), GFS Ultra Mix paint mixing room, car lift, and large supply storage/break room area.
In addition to the continually increasing business for auto repair, the owner believes there is a strong potential for semi-truck repairs (this would require expansion to the building with a taller drive-through door and ceiling).
The metal on steel building has been incredibly well-maintained. A geothermal system provides economical heating and cooling with is supplemented with radiant heaters in the shop.
With 5 acres of land, there is plenty of room to expand the business or add storage units or other income-producing buildings to the property.
- Asking Price: $925,000
- 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
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:6,100
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
This is a full service body shop with a GFS downdraft paint booth (with drive-in door), GFS Ultra Mix paint mixing room, and car lift, and large supply storage/break room area. This is a well-built and well-maintained facility.
The owners want to focus on their farming business.
There is limited competition in the area.
Significant growth opportunity. The business has shown consistent growth over the past several years. Owner believes there is an opportunity to add semi cab repairs to the facility with an addition to the building that will accommodate the cabs.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell operating businesses. Nevertheless, the real reason and the one they tell you may be 2 entirely different things. As an example, they may state "I have way too many various obligations" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might just be excuses to attempt to hide the reality of changing demographics, increased competitors, recent decrease in incomes, or a variety of other factors. This is why it is very important that you not count absolutely on a vendor's word, yet instead, make use of the seller's solution together with your total due diligence. This will repaint a much more reasonable picture of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses finance loans with the purpose of covering points like inventory, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can mean that profit margins are too thin. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that must be fulfilled or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area bring in new customers? Often times, businesses have repeat clients, which form the core of their day-to-day revenues. Certain factors such as new competitors sprouting up around the area, road building and construction, and also personnel turn over can affect repeat consumers and also negatively affect future profits. One important thing to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business on a regular basis, the better the opportunity to construct a returning client base. A last idea is the general area demographics. Is the business located in a largely inhabited city, or is it located on the outskirts of town? Exactly how might the local typical household earnings effect future revenue potential?