Seller Financing Available

Asking Price:

$810,000

Gross Income:

$2,000,000

Cash Flow:

$270,000

FF&E:

$400,000.00 *

Inventory:

$70,000.00 *

Real Estate:

N/A

Year Established:

N/A

Employees:

N/A

Business Types:

Auto Repair, Parts & Services
Miscellaneous Repair 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 only. If you want to purchase the real estate, it is available, just check Broker's other listings. 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

Facilities:

1/2 acre lot with real estate purchase possible, just check Broker's other listings for details! 2 Paint spray booths on site!

Competition:

Competition is strong but this business has many decades of longevity which you cannot create on your own, you have to buy.

Growth/Expansion:

Currently running at 25% capacity and able to gross $2MM easily. Plenty of upside exists for hustlers.

Financing:

If the price and deal structure is right.

Support/Training:

As needed.

Reason Selling:

Other business interests.

Broker Information

Rick Carlson

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