Auto Body Collision Repair/Painting & Real Estate

ND

Auto Body Collision Repair/Painting & Real Estate

Asking Price:$1,400,000

Cash Flow:$217,563

Gross Revenue:$1,642,076

EBITDA:N/A

FF&E:$174,200

Inventory:$61,407

Lease Rate:N/A /SF

Established:1986

Auto Body Collision Repair/Painting & Real Estate

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Business Description

Well established & reputable Auto Body Repair & Painting business located in a City with a strong economy in Central North Dakota. The Business has been operating for 30 years and has built a strong reputation for honest and fair dealings with customers and quality work, it is well respected within the community. The sale price includes the Real Estate for the business which is a 9,112 sf shop plus 7 self storage rental units generating approximately $5,040.00/year additional income above the SDE stated within. The business is open 5 days a week with 40 hour work weeks, with occasional overtime. They also offer a 24 hour wrecker service, which is on a rotational basis with local law enforcement, and rental cars are available. In addition, the Sellers would be interested in selling additional adjacent Investment Real Estate: Property 1 - 43 unit self storage facility consisting of 11,180sf and generating
approximately $32,000.00/year in Net Operating Income ("NOI"). Property 2 -
Shop/warehouse with long term tenants, consisting of 5,760 sf and generating
approximately $47,000.00/year in NOI. All properties are adjacent, but are on separate parcels. The entire portfolio is For Sale for a total list price of $2,300,000.00. However, the Investment Real Estate is not for sale without the business being sold. **The square footage and NOI for each property are estimated and are subject to verification by Purchaser.**

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
7 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Main building for business operations plus 7 self storage units. Included in sale price. Adjacent 43 unit self-storage facility with a history of occupancy rates. Additional to list price of business and main building. Adjacent rental Shop/Warehouse with two strong long-term tenants. Additional to list price of business and main building.
Competition:
There are two other Auto Dealership body shops located within the City.
Growth & Expansion:
The current Owner's are as busy as they want to be and are very successful, so therefore primarily rely on existing or past business sources. With additional advertising and sales and marketing, there is significant opportunity for growth.
Support & Training:
Will train for 24 weeks/$28,800 cost Owner is licensed in Auto Body repair and works in the shop, He also handles property and employee management - approximately 40 hours/week. Co- Owner handles the financials of the business as well as property and employee management - approximately 20 hours/week.
Reason for Selling:
The Business is for sale because the Owners would like to retire. They have owne

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Bradley Sturn

Business Listed By:
Bradley Sturn

Murphy Business & Financial Corporation

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Murphy Business

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