This is a profitable and well-established body and paint shop in eastern Georgia. They have been in business in their current location since 2013 and have shown consistent profit for the last several years. The shop is well equipped and neat.
The cash flow shown is for a buyer purchasing the business and the real estate.
Under the CARES Act as revised by the Stimulus Act, if you use an SBA 7(a) guaranteed loan, this company qualifies for 6-months of principal and interest paid by the SBA to the lender on your behalf. The loan payments paid by the SBA are not taxable. The SBA is also waiving its loan guarantee fee (3% of the guaranteed amount for this size loan). The SBA guaranteed loan must be approved by the SBA before 9/30/2021, or earlier if funds run out.
The lot is 1 acre+ with plenty of parking. The building is metal construction and in great condition. They have a very attractive office and reception area.
Additional marketing and website would help drive new business to the business.
The business has only one direct competitor with whom they have a good referral relationship. Most of the shops in the area are much bigger and work on a different model.
Owners are relocating.
Will train for 4 weeks @ no cost Full service paint, body and restoration services available.