MergerPlace

Premier Greenville County Auto Body Shop

South Carolina (Greenville)


  • Asking Price: $649,350
  • Gross Income: $1,461,762
  • Cash Flow: $2,254,888
  • Real Estate: Not Disclosed
  • Inventory: $5,625
  • FF&E: $150,000
  • Listing ID: #222115
  • Established: 2009
  • Employees: 5 FT / 1 PT

Business Description

A rare for sale opportunity of a premier auto collision repair body shop in the growing Greenville metropolitan area. A very experienced and talented employee team that performs high-quality repair bodywork. Existing long term DRP (direct repair program) relationships with national insurance companies, area fleet owner accounts, retail auto dealer referrals, and a local consumer customer base built up over the many years of the legacy name recognition. This body shop has provided a very proven and consistent topline gross revenues with an ongoing backlog of business. This is an exceptional business opportunity for a skilled and business-minded auto body shop buyer with an entrepreneurial spirit to become their own boss as the owner of this premier and highly reputable body shop. This business has been pre-qualified for lender financing.

A rare for sale opportunity of a premier auto collision repair body shop in the growing Greenville metropolitan area. A very experienced and talented employee team that performs high-quality repair bodywork. Existing long term DRP (direct repair program) relationships with national insurance companies, area fleet owner accounts, retail auto dealer referrals, and a local consumer customer base built up over the many years of the legacy name recognition. This body shop has provided a very proven and consistent topline gross revenues with an ongoing backlog of business. This is an exceptional business opportunity for a skilled and business-minded auto body shop buyer with an entrepreneurial spirit to become their own boss as the owner of this premier and highly reputable body shop. This business has been pre-qualified for lender financing.

Note - 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 (up to $9,000 per month). The loan payments paid by the SBA are not taxable. The SBA is also waiving its loan guarantee fee (usually 3-3.75% of the guaranteed amount). The SBA guaranteed loan must be approved by the SBA before 9/30/2021, or earlier if funds run out.


Business Details

Primary Business Category: Services - Other Services
Location: South Carolina
County: Greenville

Company Information

Year Established: 2009
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 5 FT / 1 PT

Financial Information

Asking Price: $649,350
Gross Revenue: $1,461,762
Cash Flow: $2,254,888
FF&E: $150,000
Inventory: $5,625
Seller Financing Available: No

Property Information

Facilities:

The current business has been located in the same location for several decades. One of the business revenue growth constraints of the business has been the older, inefficient layout of the structure. The seller has acquired a new location a short distance from the current body shop. This facility is currently undergoing design and renovation upgrades to create an assembly line production style workflow that will improve productivity. This will provide an opportunity to grow revenue as the current facility is often operated at full capacity and frequently turns away new business at peak times due to their backlog. The new facility will be available for a long-term lease or possible sale if the buyer wants to relocate to this new facility or they may choose a facility of their own. The current location is not available for long term lease due to zoning issues with the change of ownership. However, the purchaser will be provided an adequate shorter-term lease until relocation.

Growth & expansion opportunities:

The business could easily expand hours and employees to increase revenue. Most of the time the shop runs at capacity. With the proposed new building with a much more efficient layout, new paint booth, and quality equipment, the existing staff could produce more revenue. By adding labor and additional DRP national insurer certification programs, the business could significantly increase revenues and profits.

Competition:

There are no other auto body shops in close proximity to the current location; however, there are several auto mechanical repair service businesses nearby that refer business to the company. Throughout the Greenville Metro area, there are numerous auto body repair businesses including national brand auto dealers. The name recognition and long-term legacy reputation of this business will provide continued success and future opportunities for revenue growth for the purchaser.

Reason for selling:

A full-service auto collision body shop gem like this does not come to market very often in Greenville County. The owner has developed other business interests and is wanting to spend more time pursuing those opportunities. He is committed to the right buyer to assist in a smooth and orderly transition to insure the success and continued history of this storied business.

Support & Training:

Will train for 2 weeks @ no cost This is a collision repair auto body shop with a strong well-established customer base with over 90% of revenue coming from insurance claims. The buyer should have experience, skill and knowledge of the auto body shop repair industry and the ability to handle the business duties of owning the company. The current owner operates as the general manager and manages the office. The new owner could be more involved in the shop or continue the general manager role. A dedicated and highly skilled employee team will ensure a smooth transition to a new owner.

Contact Business Seller

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Business Listed By:

Jon Swift

Murphy Business Brokers