MergerPlace

Large, Profitable Autobody Business

Connecticut


  • Asking Price: $500,000
  • Gross Income: $1,528,058
  • Cash Flow: $180,356
  • Real Estate: Not Disclosed
  • Inventory: $25,875
  • FF&E: $100,000
  • Listing ID: #213144
  • Established: 1924
  • Employees: 7 FT

Business Description

This established profitable auto-body shop in Western Connecticut has been pre-qualified for bank financing.

Excellent books and records, strong employee culture, decades-long local business reputation.


Business Details

Primary Business Category: Retail Trade - Motor Vehicle & Parts
Location: Connecticut

Company Information

Year Established: 1924
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 7 FT

Financial Information

Asking Price: $500,000
Gross Revenue: $1,528,058
Cash Flow: $180,356
FF&E: $100,000
Inventory: $25,875
Seller Financing Available: No

Property Information

Facilities:

9-bay, 8,330 square foot building. Frontage on main business thoroughfare (30,000 daily traffic count). Phase II Environmental Studies are available. Seller is ready to work with Buyer to clear CT's Property Transfer Act. Option to lease for $5,000/month NNN or purchase for $875,000.

Growth & expansion opportunities:

Business open only five days per week with minimal advertising expense.

Competition:

Smaller competitors with less scale may be struggling, but autobody businesses like this with $1mm+ in revenues can thrive in the industry.

Reason for selling:

Owner looking to retire.

Support & Training:

Will train for 4 weeks @ $0 cost.

Contact Business Seller

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Business Listed By:

Alan Zinser

Murphy Business Brokers