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The Company is a collision repair shop specializing in all types of cars, trucks, SUVs and vans. The Company’s primary services include collision bodywork repair and paint refinishing. The 6,000-square foot facility, which includes a seven-bay production area and office space, is owned with the option to lease or purchase in addition. Approximately 90% of the Company’s revenue is derived from the sale of collision repair services to auto insurance companies, 4% from local small companies, 3% from nationwide frozen food suppliers and 3% from industrial firms. In 2016, the Company generated revenue of $1.4m with adjusted EBITDA of $254k.
45% gross profit margin - 19.6% increase in adjusted EBITDA from 2015 to 2016 - 8% increase in revenue and 8.7% increase in gross profit from 2015 to 2016 - $200k of equipment and vehicles included - $7k of inventory included - 9 nonunion employees - 95% repeat business - State-of-the-art equipment - Skilled personnel - Owner financing negotiable - Owner willing to remain for transition period.
Monday-Thursday 7am -5pm, Friday 7am-noon
There is a strong staff and owner is available for a standard transitioning.
negotiable for the right buyer
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