Automotive Paint and Body Shops

Houston, Texas (Harris)

  • Asking Price: $1,600,000
  • Gross Income: $1,414,992
  • Cash Flow: $255,357
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #204278
  • Established: Not Disclosed
  • Employees:

Business Description

The Company was started in 1976 in Houston, Texas, incorporated originally as a “C” corporation in 1981 and switched to an “S” corporation in 1988. They have been owned and operated by the original owners for forty-one years. They grew the company over the years and expanded into several markets in east Texas. They pride themselves on working for their customer, instead of for the Insurance companies.

The company expanded to eight locations in eastern Texas. Several years ago, the owner decided it was time to get out of the Automotive Body Shop business and has been selling off individual locations over the last several years. This offering represents the one location remaining in Southwest Harris/Fort Bend County.

The owner will to carry a note for the balance of the sales price for a qualified buyer with at least a 30% cash down payment. The current owner also owns the real estate for this store. As structured the offering included the real estate asset.

The company does not sign DRP contracts with any automotive insurance company. Despite not participating in DRP contracts the company still gets constant recommendations from companies such as GEICO, Progressive, Allstate, USAA, Fred Loya, Travelers, Farmers, AMICA, Liberty Mutual, etc., and they have no outstanding issues with any insurance providers. Despite not signing DRP contracts they follow each company’s respective guidelines and work with all agents by providing them with estimates as well as pictures to support the estimate. Because of their diligence in following proper policy the customer can be assured their claim will be paid fully and promptly. The company prides itself on working for the customer from start to finish regardless of the size of the job.

If you’re looking for a strong and stable company with a solid reputation and a history of financial success… You need to act now.

Business Details

Primary Business Category: Services - Other Services
Location: Texas
Metropolitan Area: Houston
County: Harris

Company Information

Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $1,600,000
Gross Revenue: $1,414,992
Cash Flow: $255,357
Seller Financing Available: Yes

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Business Listed By:

Brad Tait

Tait and Associates Business Brokers