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Collision Repair, Towing & Repossession
Location Pennsylvania,United States
Asking Price Range $250K - $500K
Gross Revenues $590000
Net Profit / Cash Flow $350000
Cash Flow Type EBITDA
Seller Finance No
Year Established 1996
Number of Employees 4 - 5
Inventory 250000
Relocatable Yes
Number of Employees 4 - 5
Real Estate Leased
Training Maybe.
Reason for Sale Own another business.
Description We are the largest collision repair, 24 hour towing & repossession company in our area. We've been around for over ten years, providing showroom quality repairs on all cars, trucks & SUVs, foreign & domestic. We are direct repair with multiple insurance companies, including State Farm & Progressive, we use Enterprise Rental Car & we also offer 24 hour roadside assistance with Cross Country, GE Financial & UPS. We are an AAA Approved Auto Repair Shop. Each year this business grows at least 13% from the prior year. Our customer satisfaction record is outstanding. Asking $450,000 for business (negotiable), $100,000 for trucks, & $150,000 for real estate. Real Estate: Real Property Included.
Lease terms: The property is 9.19 acres, 5,500 Sq. Ft. garage with 10 current bays with plenty of room for exspansion. There is also two seperate bathrooms for employees and customers, two office areas with one waiting room, and a detached office with restroom & a large gated impound lot. All this property is located on commercial/industrial zoned land. The landlord is currently asking around $150,000 for this property.
Competition / Market: Area competition is currently quite low in the field of collision repair and repossession. There are local dealerships, however we are the only ones hooked up with direct repair for insurance companies. The growth of this business in aspects of revenue have went from $400,000 in 2003 to $560,000 in 2005, so as you can see, the growth rate is great. All this was done with simple advertising in phonebook listing and local newspaper ads, keeping the advertising cost to a minimum.
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