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Great Auto Body & Radiator Repair For Sale
Location Colorado,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $1261821
Net Profit / Cash Flow $204072
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1988
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Reason for Sale Retirement
Description This fantastic opportunity was founded in 1917, and has been in continuous operation since opening its doors and serving customers in Southern Colorado. The current owner is the third owner of this business and he has been operating the Auto Body Repair and Radiator Shop since 1978. This is the largest repair shop in Northern New Mexico and Southern Colorado, and the ONLY radiator repair. In the last 33 years, the business has expanded to four buildings and encompasses half of a city block. The offices have been updated and the shop boasts state-of-the-art equipment including dedicated frame equipment with computerized measuring and documentation, two spray booths with one of them a heated spray booth, and computerized estimating system. The current owner, after owning this successful business for 31 years, has some health issues and now needs to retire. Sales have been steady, within 10% yearly, and they work with many insurance companies, as well as repeat customers. Because of the location and the way the business has been run, the economy has little effect on it. The employees are seasoned and have been there long term. With all of these pluses, this is a great deal for the right person! Real Estate can be purchased for an additional $400,000. Seller would prefer to sell business and real estate together as a package.
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