Reason for Sale: Retirement- Extremely Profitable Auto Body Shop for Sale- This is a full-service Auto Body Shop in Central Broward that has been in business since 1989. Sales are over $1,400,000 & the owner's benefit is $240k+ for 2023. Equipment includes a Paint Booth, a Frame Machine/Floor Rack and all the necessities of the trade. Experienced staff will transition to the new owner. Seller is a State Farm Select Service shop. State Farm accounts for 50% of the revenue. Other business revenues come from locals, word of mouth, other commercial businesses. 1/2-acre lot with multiple bays are underutilized. Long term lease in place. Same location for 34 years.
- Asking Price:
- $750,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,422,378
- Cash Flow:
- $244,948
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
Rent $12,000- Lease Expires 4/24-sq ft 7200- 7% yearly increases - One -5 yr. option- 1/2 acre lot.
Business Operation
- Reasons for selling:
-
Retirement.
- Trading hours:
-
Monday-Friday 8am-5pm
- Employees:
- 2 FT/2 PT
- Years established:
- 34
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
- Financing available:
-
Lender pre-screened with $75K down.
- Furniture / Fixtures value:
- $20,000 - included in the asking price
- Inventory / Stock value:
- $15,000 - included in the asking price
