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Auto Body Repair Shop - North Shore
Location Massachusetts,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1100000
Net Profit / Cash Flow $308000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1970
Number of Employees 4 - 5
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training Seller will provide necessary support and training.
Reason for Sale Other business interests.
Description This Auto Body Repair and Painting business has operated at the same location for over 30 years and has developed a well established customer base. The business is located in a facility with about 3,000 SF in an upscale North Shore community. The real estate is included in the offering. The business has capacity for a 30% growth in business.
The business property is zoned CC and boasts easy customer access and ample on and off street parking. The building has multiple bays, a Down Draft Spray Booth and all of the equipment needed to paint and repair collision damage. A buyer can step into this fully functioning business without any additional capital equipment expenditures.
Due to the reputation, longevity and visibility of the company, it was able to produce over $1.1 million in sales in 2011 with very little advertising expenditures (0.32% of expenses). At present, most customers are acquired as a result of an internet search, Yellow Page ad and referrals from mechanics and insurance agents.
Sales could be increased with additional marketing efforts or by becoming a direct repair shop with local insurance providers. The business also currently holds a used car sales license which is not required for auto repair but does present a potential additional income stream for the buyer.
This offering is for the purchase of the auto body paint and repair business in its entirety including equipment, customer base and real estate. The equipment list includes, spray booth, AC machine, torches, compressors, welder, stands, benches, cabinets, office equipment and numerous tools. Commercial real estate with an office and auto repair facility is also available in the sale for an additional cost.
The business and real estate are available for $750,000 each. A qualified buyer should be able to obtain SBA guaranteed loans to buy both.
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