HUGE PRICE REDUCTION!Auto Body Shop in Business over 40 Years

Sarasota, FL (Sarasota County)

Seller Financing Available
HUGE PRICE REDUCTION!Auto Body Shop in Business over 40 Years
Contact Seller

Asking Price: $1,749,000

Cash Flow: $148,000

Gross Revenue: $965,900

EBITDA: N/A

FF&E: $304,760

Inventory: N/A

Real Estate: $1,250,000

Established: 1976

HUGE PRICE REDUCTION!Auto Body Shop in Business over 40 Years

Save Print Share Valuation Report

Business Description

________________________PRICE JUST REDUCED by $100,000!!__________________________
Family Owned Auto Body Repair shop in prime Sarasota commercial area close to downtown.The Company has been owned by the same family and in Business for 42 years.Very well known service provider to auto insurance industry. It includes the Business goodwill,all clients,vendors and the Real Estate consisting of a +/-13000 sq ft building on just over 1/2 an acre.The company has a niche in so far as its predominant clients are well known Auto Insurance Companies.The owner and his team assess auto damages to facilitate insurance agencies with the settlement of claims.In order to avoid Bank red tape and to simplify the buying process,the SELLER is willing to FINANCE with $499,000 Down and carry a note for $1,250,000 amortized over 30 years @6% with a balloon in 10 years.TOTAL ASKING PRICE $1,749 million.
BUSINESS is only $499,000 and Property $1.25 million.Both must be Sold together.

Detailed Information

Location:
Sarasota, FL
Real Estate:
Owned
Included in asking price
Building SF:
13,000
Employees:
5 to 7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
+/-13000 sq ft on +/-0.6 acres of land located close to I-75 and downtown Sarasota
Competition:
The Company is highly specialized and has a huge reputation.There is no immediate competition that compares to this business.
Growth & Expansion:
Possible service on general automotive or add a roadside towing service.The facility has a lot of potential for the right buyer who has creativity and imagination.
Financing:
$1,250,000 @6% over 30 years balloon in 10 years
Support & Training:
2-4 weeks at no charge.Seller will also agree to stay on with the Buyer as a Manager/Employee for up to a year after the sale for a negotiated salary.
Reason for Selling:
Retiring after 42 years in the Business
Business Website:
http://www.BusinessBrokerWorld.com
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Denis J.Burke,MBA

Business Listed By:
Denis Burke

Business Broker World

Show Phone Number

View My Listings

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.

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1503937 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Detail Xperts

Franchise Opportunity In FL
Capital Required: $88,500