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Located in a major metropolitan area market, auto body repair and paint shop services all types of autos, trucks, and vans. Primary services include: body and frame work repair, as well as paint refinishing. With a qualified management team in place, business could be operated by an absentee owner, as well as taken to a higher level by a strategic buyer. While tools and equipment are included in the sale, property is available to be purchased separately form Asking Price, totaling 28,000 square feet of space. Services are performed by a skilled personnel of 11 employees with industry experience. Company has a proven reputation, established and supported by over 18 years of successful management and customer service. Marketing efforts have been focused on individual customers, insurance referrals, commercial enterprises, and government agencies. Industrial fleet maintenance is a thriving market for potential future growth. Revenue has averaged an overall increase for several years, with 2018 gross revenues reaching $1,935,000 and showing Seller’s Discretionary Earnings of $181,000, after a recast of add back expenses. Loyal patrons and great reputations have consistently attracted new business and maintained existing client relations.
Property valued at $525,000 is available to be purchased outside of Asking Price.
Approaching retirement and/or pursuing other interests.
Monday - Friday, 8:00 am - 5:30 pm
With management team in place, the transition period is expected to be standard. The current owner if available for a 3-9 month transitioning.
Financing can be negotiable for the right buyer.
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