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Large Auto Repair Company Servicing DC Metropolitan Market

VA

Seller Financing Available
Large Auto Repair Company Servicing DC Metropolitan Market

Asking Price:$1,950,000

Cash Flow:$367,499

Gross Revenue:$3,870,396

EBITDA:$246,370

FF&E:$878,891

Inventory:$36,318

Lease Rate:$20,000 /SF/Month

Established:2002

Large Auto Repair Company Servicing DC Metropolitan Market

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Business Description

Turn-Key Operation with an Expansion Business Plan in Play

Are your looking for a reputable and established auto repair and painting operation? This company has had a steady flow of auto repair jobs for 15+ years running. They currently service 30-40 automobiles monthly, and will be increasing this number after installation of invested equipment to expand capacity.

The company services involve:
• Auto body repair
• Light mechanical repair (brake & tire)
• Auto painting
• Auto alignment for custom wheels
• Other auto body repairs.

Work is steady and at full capacity under current staff. The supply is almost all from insurance companies and adjusters. Some are from referrals based on the company’s auto manufacturer certifications and walk-ins.

Demand is strong in the DC metro market and the company has a strong referral network. Insurance companies want to send more. So the company is gearing up to double capacity with the existing floor space and equipment. What is needed is additional employee technicians and operation management.

The assets include all lift bays, painting booths, frame machines, tools and other equipment ready for installation.

Assets are in place to double capacity within 3-4 years. The key to success is quality work and fast turnaround as required by insurance companies – a work ethic that has been built and tested for 15 years. Under new management and with assistance from the owner, the new buyer would be able to grow capacity to become one of the largest auto repair services in the DC market.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
18
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Current lease: $20k monthly Assets include all lift bays, painting booths, frame machines, tools and other equipment ready for installation. • 4 Frame Machines • 11 Lift Bays • 3 Mig Welders • 2 Spray Booths • 1 Double Deck Prep Station (under installation) • 1 New Frame Machine (required by Auto Manufacturer) • 1 Rivet Gun (required by Auto Manufacturer) • Tools
Competition:
The primary target are insurance companies representing auto repair needs for insurers. Insurance companies demand fast turnover with quality work. They also work with certified shops for some automobile models. The company works strictly off referrals (15 years running). The key competitive advantage is the company auto certifications and reputable service among insurance companies and adjusters. Key competitors includes other auto repair shops and auto dealers.
Growth & Expansion:
The company is at 100% capacity with the current number of personnel. The owner has an expansion plan to double capacity. The owner is starting these efforts with the installation of new equipment that will increase capacity. The owner has also develop a plan to market to more B2C with alignment and custom wheel services. The owner is in position to help the new owner setup and manage a business expansion plan. Space is currently available. Tools and equipment have been purchased and in position.
Financing:
To Be Negotiated
Support & Training:
Owner would be willing to train the new owner during a transition period of 4 weeks after closing. Following the transition period, owner can remain as a paid technician for a period of 6-12 months if needed. The owner would manage the floor operations allowing the new owner on business expansion.
Reason for Selling:
Owner looking to pull back from day-to-day management as he nears retirement.

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Business Listed By:
Krayton Davis

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