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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

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Auto Body Biz Nets $390k

Location  New Jersey,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $2600000
Net Profit / Cash Flow  $390000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1970
Number of Employees  10 - 19
Inventory  5000
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  Seller will supply a satisfactory transitional period and remain post closing for 6 months.
Reason for Sale  Retiring after many successful years in this particular industry.
Description  High volume Auto Body and full service collision repair business specializing in today s specialized high technical vehicles. This forty year old auto body business has a gross yearly income of $2,600,000 and a net yearly income of $390,000. Based on the asking price, required down payment and net income this business will supply an 80% return to the owner operator prior to debt service, first year of ownership. This business can be further developed with an improved marketing plan, additionally by implementing an new web site improved income is highly possible. Seller will supply a satisfactory transitional period and remain post closing for 6 months. Due to the size, capacity and capability of this business no other similar competitors are in this general area also, seller will supply a non compete agreement to purchase. The company has a staff of ten experienced employees who are unaware of the pending sale and expected to remain post closing.The sale includes a turnkey operation with all the required equipment including but not limited to data liner frame equipment, Sherwin Williams paint system, duplicating factory refinish, plastic repairs, unibody frame repair, certified technicians, POS computer system, numerous displays, etc with a value of $550,000. This company is located in a commercial area of Essex County NJ conveniently close to major arteries. The business offers state of the art technical services to its various clients including all aspects of the auto body industry. The business is a network provider for most quality insurance companies, offering top quality service in a timely manner. The seller is retiring after many years in the industry and will sell or supply option for the real estate.
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