The subject business is an independent, full service paint and auto body shop. They have been in business for 30 years and have built up a wonderful reputation for customer service and quality work. Business has grown rapidly and continues to do so; with a backlog of work of 2-3 months. They have a very loyal and, experienced group of employees well trained for their specific areas of responsibility.
- Asking Price:
- $1,400,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,961,779
- Cash Flow:
- $529,146
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The business is well located and consists of a series of buildings housing the painting operation, body work operation, office functions as well as storage facilities. Over the last twelve months, the owner has invested more than $70,000 in upgrading the physical facilities. There is adequate space on site for parking of completed vehicles as well as customers and employees.
Business Operation
- Expansion Potential:
-
The area where the business is located is one of the fastest growing regions in Utah. With the hiring of experienced employees and placing them in the roles best suited for them, the efficiency has improved dramatically. This strong, loyal employee base provides a great platform for continued business expansion. Ownership estimates that the current facilities and equipment in place would allow for a 50% growth in current business volume.
- Competition / Market:
-
There are a variety of body and paint shop companies operating in northern Utah. But the longevity of this shop; the reputation for the highest quality work without cutting corners has and continues to provide a competitive edge to this business.
- Reasons for selling:
-
Current owner seeks to retire and pursue personal interests.
- Trading hours:
-
Monday-Friday 8am-5pm
- Employees:
- 9 FT
- Years established:
- 28
Other Information
- Furniture / Fixtures value:
- $157,524 - included in the asking price
- Inventory / Stock value:
- $2,500 - included in the asking price
