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The Wall Street Journal Online

Must Buy Auto Repainting and Collision Repair Shop

Brooklyn, New York (Kings County)

Seller Financing Available

Photo Available
Asking Price:
$475,000
Gross Income:
$800,000
Cash Flow:
$254,789
FF&E:
$200,000.00 *
Inventory:
N/A
Real Estate:
N/A
Year Established:
1995
Employees:
6
Business Type:
Auto Repair, Parts & Services

* included in the asking price

Business Description

The business has been established for 16 years and is
consistently profitable. It is part of a national franchise and
has exclusivity in the Brooklyn market area. The owners
promote the business with extensive traditional advertising
and a robust website that generates the majority of their
business. The franchisor provides additional advertising
support.
The pricing is competitive with high profit margins and high
turnover.
Body repair technicians are paid a commission on labor for
each job.
The average job is $550.00 to $950.00.
The businesses have experienced 12% to 15% growth over
the past 3 years.
The profit margin is 30% and the business nets over
$250,000.00 with owner salary of $1,000/.week included in
expenses.
If you are a good at sales this is a biusiness for you.
Make your best deal for a great business.

Detailed Information

Facilities:
This auto collision repair & painting shop available is in approxianately 11,000 SF building. The location has long term lease and portion is rented. The facility is fully equipped and is part of a national franchise.
Competition:
The business has the exclusive rights for Brooklyn. The facility is licensed for auto repair and painting and NO new permits are being issued in NYC. A typical paint refinishing job is 30% more competitive than traditional collision repair & painting businesses. They specialize in paint refinishing which is much more profitable and has a faster turnaround time than major collision jobs.
Growth/Expansion:
Auto repair can be added to the location. There is enormous potential for wholesale paint refinishing work from car dealers and car rental companies.
Financing:
Financing available
Support/Training:
Seller will fully train. No experience needed.
Reason Selling:
Partner dispute
Contact Seller

Broker Information

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(from currently available resources)
months
 

Business For Sale Listed By

Brian Elkin
Guttman Realty Advisors LLC

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Ad#: 621426

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