Profitable SW Virginia Collision/Auto Body Repair Shop FOR SALE

VA

Profitable SW Virginia Collision/Auto Body Repair Shop FOR SALE
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Asking Price: Get Financing: $1,200,000

Cash Flow: $310,666

Gross Revenue: $1,446,568

EBITDA: $310,666

FF&E: $180,000

Inventory: N/A

Real Estate: $350,000

Established: 2006

Profitable SW Virginia Collision/Auto Body Repair Shop FOR SALE

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Business Description

Great location (one mile from Interstate and built on high traffic road) with comparable shop nearly 30 miles away. We are the largest and best equipped shop within the area. This successful Collision Center provides services such as collision repair, scratch & dent repair, computerized frame straightening, and structural body part repairs. 90% of business comes directly from insurance companies whether they are direct repair with us or not. We come highly recommended and the local agents share our info with their clients. Most of our repeat customers are local, but we have several that come from out of town. Being so close to the interstate and well known to the towing companies, we also receive out of town customers that have an accident while traveling through the area.
We have been able to show profit growth year after year. This particular area provides consistent work with very little seasonality. We currently have 5 employees and are open Monday through Friday. We are well known in the community and have been in business for 12 years.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
5,850
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The property is included in asking price or, if preferred, can be negotiated into a lease agreement. It includes 5800 sf body shop with a customer waiting area, restroom and two employee offices (one is currently being used as an office/break room). The body shop houses a two post lift, a computerized frame straightening system, a wash bay, two paint booths plus a mixing room, 6 floor anchor pots, air compressor and a body filler table with vice.
Competition:
As previously stated, we are in an excellent location on busy highway and within a mile of a major interstate. Nearest apples to apples competition is a dealership facility almost 30 miles away, in another state. Our equipment and trained staffed are extremely hard to come for an independent shop our size.
Growth & Expansion:
Although we are highly recommended by insurance companies and word of mouth, sales would benefit greatly from social media/internet advertising. We are direct with many insurance companies but we have chosen not to add any more contracts due to work overload. Additional technicians could be hired and insurance companies could be added to our list of contracts. The possibilities are endless for improvements with a shop our size.
Support & Training:
Owner is willing to stay a negotiated time frame, depending upon the buyer's experience. We would prefer to make a seamless transition for the new owner, employees and customers.
Reason for Selling:
Owner is relocating
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Business Listed By:
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