Seller Financing Available
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Asking Price:
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$4,300,000
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Gross Income:
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$2,000,000
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Cash Flow:
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$270,000
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FF&E:
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$400,000.00 *
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Inventory:
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$70,000.00 *
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Real Estate:
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$3,500,000.00 *
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Year Established:
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N/A
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Employees:
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N/A
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Business Types:
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Auto Repair, Parts & Services
Other Personal Services
* included in the asking price
Business Description
This is a once in a lifetime opportunity to purchase a thriving 45+ year old auto body business and acquire the real estate so you don't have to worry about a landlord - EVER. Business can be purchased separately for $810,000 if desired. Broker is in the process of qualifying the purchase for SBA 7a acquisition at 15% down, with final numbers and details delivered prior to writing any offer to purchase. Seller is active owner operator involved in business development and customer service, so a hands-on owner situation would be ideal. Revenue is broken down as 15% dealer referral, 40% repeat customers and ongoing relationships with the city, and 45% insurance carrier referrals. Includes 2 paint spray booths, 2 lifts, 3 frame measuring systems, and plenty of space on the compound to take care of a higher volume of work. Running at 25% capacity per anecdote from Seller. Numbers quoted above were for 2010. Revenue and workload was not at maximum capacity for last year and in 2011 he still almost hit $1.4MM. 7 employees take care of all the day to day work. Great location on busy thoroughfare in the San Gabriel Valley. NDA and Seller's approval required prior to release of address to do a drive-by and to review profit and loss statements.
Detailed Information
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Facilities:
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1/2 acre lot with real estate purchase with all improvements and ongoing 45+ year old business included.
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Competition:
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Competition is strong but this business has many decades of longevity which you cannot create on your own, you have to buy.
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Growth/Expansion:
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Currently running at 25% capacity and able to gross $2MM easily. Plenty of upside exists for hustlers.
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Financing:
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SBA7a Loan qualification stages at this time.
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Support/Training:
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As needed.
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Reason Selling:
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Other business interests.
Ad#: 667939
The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Read BizBuySell's terms & conditions before responding to any ad.
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