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Listed by:

Transworld Business Advisors Richmond

Successful Body Shop With Real Estate In Virginia For Sale

Virginia, US
Asking Price:
$3,495,000
Sales Revenue:
$2,129,704
Cash Flow:
$358,483

Body Shop with Real Estate, Very Successful in Great Location

This successful auto-body repair shop in central Virginia has been in business since 1997. The shop enjoys an excellent reputation and relies on its long-term DRP relationships and past customer referrals for a constant flow of new work. They also have a few commercial accounts.

The business is largely turn-key with many long-term employees, including admin, estimating, purchasing, painting and collision repair technicians, many of whom are ICar certified. The Seller no longer works in the business but provides operational and financial guidance 10 to 15 hours per week.

The sale is envisioned as an asset sale including all equipment, FF&E, contracts, intellectual property and a long-term lease or the real estate can also be purchased. The seller is retiring but will stay as needed to ensure a smooth transition.

The business produces consistent top line sales over $2,000,000 and an SDE of approximately $425,000.
SBA financing is available, contact exclusive agent for more information.

Property Information

Real Estate:

Real Property Included

Business Operation

Expansion Potential:

The business does little or no advertising and relies on past customer and insurance providers for most new work. The Seller has been satisfied with the level of work and has made no attempts to solicit more work for years. A new ambitious owner, improved road signage, and updated website and social media program is all that is needed.

Competition / Market:

There are several competitors in the market but not more than one or two who might influence potential new customers from this well established business. Growth of the auto repair market is predicted to continue to grow over the next 10 years.

Reasons for selling:

Retiring

Trading hours:

8 am to 5:30 pm

Employees:
11
Years established:
1995

Other Information

Support & training:

Number of Weeks Seller Will Offer Training: 2

Furniture / Fixtures value:
$200,000
Inventory / Stock value:
$50,000