Reputable, independent, full service auto body shop serving the local community for over 30 years with a reputation for excellent service and outstanding quality, standing behind everything they do with a lifetime warranty. The business repairs all makes and models of vehicles. Customer mix includes 70% Insurance, 20% Fleet and 10% individual customers. Management and systems are in place, allowing a new owner to step in and take the business to the next level.
The Real Property is available for purchase with the business and is priced at $1.7 million. The real property is 1.25 acres with a 15,000 square foot building with ample parking and a secure vehicle storage yard and is located on a prominent corner of the major thoroughfare through the city where the business is located.
The business generates $175K in adjusted net income after rent expense of $120,000 annually. Purchasing the business and the real property together would provide a Buyer with annual cash flow of nearly $300K to provide for debt service and income.
The business and real property are pre-qualified for SBA lending.