This company operates in 2 distinct but related businesses: (1) a body shop and (2) a powder coating facility.
This family-owned business has been operating successfully for years with only part-time management by its owners. Its success is based on a high level of customer satisfaction as demonstrated by excellent Yelp! reviews, and that 60% of its business being from repeat customers.
The company receives a lot of insurance referrals and has a Direct Repair Program with one insurance company. Employing their Computerized Estimating System, the Company’s bidding efforts have been consistently successful, winning 58% of them last year. The recently added powder coating capability sets them apart in the region and provides an additional source of revenue with great potential for growth
The Company is currently arranging to serve the body repair needs of a ride-share fleet and is seeing growth in insurance referrals. Its steady success has been in spite of only a limited advertising effort, so this could be increased to some effect. In particular, the powder coating business could be increased substantially with a consistent marketing effort. Powder coating is a high-quality finish found on thousands of products we come in contact with each day. Powder coating protects the roughest, toughest machinery as well as some household items we depend on daily. It's tough. It looks great. And it lasts a long, long time. In addition to being durable, powder coating is an attractive choice due to environmental advantages, especially when compared to liquid paint applications. And it is superior to paint in many other ways.
There are several other auto body repair shops in the general area but none that have powder coating capability and none that get better customer reviews. Similarly, other powder coating operations in the area donâ€™t have auto body repair capabilities.
So as to ensure a seamless transfer to a profitable new ownership, the current owners will provide a month of training and introductions.