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Auto Body Repair & Powder Coating Shop, with Semi-Absentee Owner

Contra Costa County, CA

Seller Financing Available
Auto Body Shop
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Asking Price: $378,500

Cash Flow: $185,000

Gross Revenue: $710,000

EBITDA: N/A

FF&E: $80,000

Inventory: $3,000

Established: 2000

Auto Body Repair & Powder Coating Shop, with Semi-Absentee Owner

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Business Description

This company operates in 2 distinct but related businesses: (1) a body shop and (2) a powder coating facility.

This family-owned business has been operating successfully for years with only part-time management by its owners. Its success is based on a high level of customer satisfaction as demonstrated by excellent Yelp! reviews, and that 60% of its business being from repeat customers.

The company receives a lot of insurance referrals and has a Direct Repair Program with one insurance company. Employing their Computerized Estimating System, the Company’s bidding efforts have been consistently successful, winning 58% of them last year. The recently added powder coating capability sets them apart in the region and provides an additional source of revenue with great potential for growth.

Detailed Information

Location:
Contra Costa County, CA
Inventory:
Included in asking price
Employees:
3 FTE, 2 PTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The 5,200 sq. ft. space is built-out with office and shop space with 7 repair bays and a paint booth. The powder coating operation includes a pretreatment system, a powder containment booth and media blast booth with a coating system and an industrial oven. The lease has 3 years remaining with a landlord eager to extend the lease for a new owner. Plus there is currently a vacant 2,600 sq. ft. adjoining space that could be expanded into. The company has a Bay Area Air Quality permit to cover its painting and powder coating processes.
Competition:
There are several other auto body repair shops in the general area but none that have powder coating capability and none that get better customer reviews. Similarly, other powder coating operations in the area don’t have auto body repair capabilities.
Growth & Expansion:
The Company is currently arranging to serve the body repair needs of a ride-share fleet and is seeing growth in insurance referrals. Its steady success has been in spite of only a limited advertising effort, so this could be increased to some effect. In particular, the powder coating business could be increased substantially with a consistent marketing effort. Powder coating is a high-quality finish found on thousands of products we come in contact with each day. Powder coating protects the roughest, toughest machinery as well as some household items we depend on daily. It's tough. It looks great. And it lasts a long, long time. In addition to being durable, powder coating is an attractive choice due to environmental advantages, especially when compared to liquid paint applications. And it is superior to paint in many other ways.
Financing:
Seller will consider some financing for a qualified buyer
Support & Training:
So as to ensure a seamless transfer to a profitable new ownership, the current owners will provide a month of training and introductions.
Reason for Selling:
Retirement
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Phil Holt

Business Listed By:
Phil Holt, DRE #01731143

Sunbelt San Francisco

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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