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17686 - High-grossing Collision Repair Shop Optional Property For Sale

Chicago, Illinois, US
Asking Price:
$998,000 Furniture / Fixtures included
Sales Revenue:
$1,934,942
Cash Flow:
$195,597

From the outer suburbs of Chicago, listing specializes in comprehensive automotive collision repair, maintenance and custom paint services to the local clients surrounding its geographic area. Offering certified and ongoing yearly training for technicians as well, business has provided reparations for late models and sport utility vehicles since their inception in 1985. Gross sales have remained consistent over the years and foresees projections of $2.0 M in 2020, as Total Revenues for 2020 reached amounts of $1,934,942, with Seller’s Discretionary Earnings of $195,597. The total square feet is approximately 8,530 square feet. The service shop portion is 5,000 square feet, and includes 14 bay doors, with an additional 3,000 square feet of office space and 530 square feet of customer waiting areas and break rooms. The shop is orderly and well-maintained. Thanks to an experienced personnel of 12 nonunion employees, the company is ready to continue operations well after transition, which can vary from semi-absentee to hands on, making it easy for new management to vacation, if needed. Apart from maintaining a website, Google reviews and some social media presence, marketing efforts have made use of a changeable marquee sign messages on a high traffic highway through the center of the city and other print media, while also relying on referral sources DRP relationships & backed by their large recurring customer base. Based on an independent evaluation!

Property Information

Real Estate:

Lease

Location:

Property valued at $1,000,000 is available for optional purchase outside of asking price!

Size in square feet:
8,000+/-

Business Operation

Reasons for selling:

Approaching retirement and/or pursuing other interests.

Trading hours:

Monday to Friday, open 9AM - 5PM.

Employees:
12 nonunion.
Years established:
1985

Other Information

Support & training:

Standard Owner Transition period.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Financing can be negotiable for the appropriate buyer.

Furniture / Fixtures value:
$353,908 - included in the asking price

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