Specialty Auto Electric Body Shop With 37 Years in Business

Huntsville, AL (Madison County)

Specialty Auto Electric Body Shop With 37 Years in Business

Asking Price:$499,000

Cash Flow:$375,000

Gross Revenue:$627,450

EBITDA:N/A

FF&E:$35,000

Inventory:$20,000

Real Estate:N/A

Established:1979

Specialty Auto Electric Body Shop With 37 Years in Business

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Business Description

Since 1979, this business has been serving Huntsville, Madison and the surrounding areas. The shop has an established history of offering honest and cost effective services. The business provides services in ALL areas of automotive repair, and specializes in offering computer and electrical diagnostics for hard-to-solve problems. Staff members are experts in air conditioning repair and one of Alabama’s largest rebuilders of alternators, generators, and starters for cars, boats, tractors, and motorcycles.

A Skilled Staff, Fantastic Location, and 37 Years in Business make this a tremendous opportunity for any interested acquirer!

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building Sq. Ft.:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The modern facilities that house this business are 3 cement block buildings: the main building ~3600 sqft. with 2 service bays with lifts, a ~2800 sqft. addition with 4 service bays and lifts, and a small Quonset hut for storage. The facilities are owned and leased out by the business owner.
Competition:
The business has a PRIME location seated on the busiest highway in Huntsville (Hwy 231/Memorial Parkway). This is the only automotive shop within several miles with an electrical specialty. From 37 years in business, it has earned an excellent reputation in the market area and business arena. The business has a longstanding and loyal client base that has frequented the body shop for 3 generations. The business has an excellent online presence and has a marketing company manage their website and social media accounts.
Growth & Expansion:
Sales Revenues and Profits have consistently increased over the last 3 years, and the business is consistently able to cover operating expenses with sales revenue. The service delivery process is one that a new owner can easily adopt and carry on. For future growth, the business owner suggests partnering with a larger automotive company such as Napa Auto Parts or O'Reilly Auto Parts to become an Auto Care Specialist through them. These larger companies are able to provide business owners with access to parts/mechanical databases, and an easy-to-use software system.
Support & Training:
Currently, the business has 7 active full-time employees and 2 business owners. The business has staff and management in place to help a new owner successfully manage the transition, and to provide continuity after the owners' departure that clients know and trust. The business owners are willing to remain involved for a 3-12 month post-sale transition period.
Reason for Selling:
Retirement

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GreenTree Acquisitions Inc.

Business Listed By:
GreenTree Acquisitions Inc.

GreenTree Acquisitions Inc.

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