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Collision Repair Services In Central Washington For Sale

Washington
Asking Price:
$975,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,394,000
Cash Flow:
$299,000

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.

Property information

Real Estate:

Lease

Business Operation

Reasons for selling:

Approaching retirement

Trading hours:

Monday-Thursday 7am -5pm, Friday 7am-noon

Employees:
9
Years established:
1975

Other Information

Support & training:

There is a strong staff and owner is available for a standard transitioning.

Financing available:

negotiable for the right buyer

Furniture / Fixtures value:
$200,000 - included in the asking price
Inventory / Stock value:
$7,000 - included in the asking price

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