Services - Auto Repair, Parts & Svcs

Asking Price	$1,399,999	Inventory
Gross Income	$3,697,400	Real Estate
Cash Flow	$412,600	Year Established	1998
FF&E	$267,000*	Employees	7

* included in the asking price

** not included in the asking price

Excellent full-service auto body collision and paint business that deals primarily with insurance companies. The business is a recommended body shop for the following insurance companies: American Family, Allstate, Encompass, Unitrin, Horace Mann with more in the hopper. The shop also recently features a national rental car service on location for customer convenience. Equipment includes a spray booth & compressors including a rotary compressor, 2 high pressure welders, 2 lifts, 2 frame machines, assorted parts, and over $300,000 worth of tenant improvements to the building for offices, flooring, electrical, and other items. Everything is owned. Seller states that his discretionary take-home cash is $150,000 per year and has receipts to prove it in line with corresponding work files. Gross sales have been steadily trending upward. 2009 numbers are on track to be even better than 2008 (which was better than 2007), as the average amount per job has been increasing. 2008 P&L shows and income of $220,000 and officer's salary of $101,000. 2007 tax return shows income of $219,000 and compensation of $129,000. Seller income with add backs included is over $412,000, not including the extra $150,000 in discretionary cash income! General Manager and bookkeeper/receptionist are in place. Most employees are paid on a per job basis. Four employees receive a 401K. Seller owns the building and is for sale at market prices to an interested buyer, otherwise the rent shall be approximately $0.75 per SF per month. This annual rent is $34,000 less than what the Seller is currently paying and is factored back into the income for a Buyer. The fence surrounding the property is electrified with 9000 volts. Seller accounts receivables are between $20,000-$30,000 at any given time, and the Seller states that he doesn't typically have problems with collections. This one appears to be as good as they get! Call Now!! For more how to buy info,

Facilities: Location of 6,500 square feet with a total rent of $4,875. Seller is active in business with 7 full-time employees. $303,000 Leasehold Improvements. The real estate is also available for purchase.

Competition: Top of the line in the Auto Body and Collision industry

Growth/Expansion: Expanding every year

Financing: Present All Offers

Support/Training: 2 - 4 weeks, as negotiated

Reason Selling: Retiring after 40 years in the business