37635-Franchise Auto Shop Promising Future Success


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37635-Franchise Auto Shop Promising Future Success
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Asking Price: $1,190,000

Cash Flow: $294,000

Gross Revenue: $1,500,000

EBITDA: $228,749

FF&E: $550,000

Inventory: N/A

Established: 1991

37635-Franchise Auto Shop Promising Future Success

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Business Description

Collision Repair Facility located in the suburbs of Greater Cleveland area in Ohio specializes on full-body and frame repairs, hail/storm damage restoration and paintless dent removal for cars, light trucks, SUV’s and vans. Also offering towing and fleet assistance, expert color matching, vehicle pick-up as well as delivery, with a lifetime warranty for their labor and 24/7 accident support. Recently signed exclusive rights as the local repair chain for a prestigious auto brand, 2020 projections are calculating further profit margin improvements. Operated originally as an independent collision center, the facility recently became part of a large multi-store system and is on a Direct Repair Program with 11 major Insurance Companies. Marketing budgets focus on targeting drivers through newspapers and Yelp as their 11,000 square-foot facility, conveniently located on major crossroads near highways includes a storefront, warehouse production area and office space. While Seller believes it would be in the buyer’s best interest to purchase the property, lease terms may be negotiable; shop is also certified by 9 major vehicle manufacturers as an authorized repair facility. It’s wide range of repeat customers, state-of the art unibody and frame equipment, trained personnel with industry experience and up-to-date certifications represent several growth opportunities for a strategic buyer. Their proven track record is supported by almost 30 years of ongoing operations, and its solid reputation revenues have been fluctuating over the past 5 years with a high point of $2,261,427 within the last 3 years.

Detailed Information

Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Negotiable for the right buyer
Support & Training:
The owner will be available as needed for a standard transitioning period.
Reason for Selling:
Other interests
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(from currently available funds)
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IAG Buyer Division

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