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Auto Body Shop In Maryland For Sale

Maryland, US
Asking Price:
$545,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,215,000
Cash Flow:
$188,000

This is a well-managed Body Shop with all employees in place. No experience is required, and Seller will provide training. Current owner after years of working in top management with fortune 500 Companies stated this successful franchise and has enjoyed this operation. The business has served hundreds of satisfied customers. In 2014 he started looking at variety of businesses and even though he was not a car guy but found Body Shop business attractive and successfully started this business. Loyal employees are in place and the management utilizes latest technology for operation. They have provided service to individuals, corporate fleets, rental cars, dealerships, and insurance companies.
Facilities:
The business conduct operation from 9,198 Square Feet of space with outside billboard on the road. They have installed GFS Semi-downdraft paint Booth, GFS Curing oven, and GFS Paint Mixing Room. Lease expires on 2/28/2026 with 4 years option. Landlord may grant longer lease.
Real Estate Available: No
Real Estate Included: No
Real Estate Description:
The business conduct operation from 9,198 Square Feet of space with outside billboard on the road.

Detailed Information:
Lender Prequalified: Yes
SBA Prequalified: Yes
Owner worked hours per week: 40
Is Going Concern: Yes
Market Competition: This body shop with advanced technology is well established and stays above competition. They have very reasonable price and customer service has been outstanding.

Property Information

Size in square feet:
9,198

Business Operation

Reasons for selling:

Owner is retiring but would help during transition period and may be longer base

Employees:
Full Time: 9
Years established:
10

Other Information

Support & training:

Owner will provide training and support during transition period and beyond that base on mutually agreed term.

Financing available:

Downpayment Required: $120,000.00

Furniture / Fixtures value:
$217,000 - included in the asking price
Inventory / Stock value:
$22,000 - included in the asking price