Very Profitable West Michigan Body Shop

MI

Seller Financing Available
Very Profitable West Michigan Body Shop
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Asking Price: Get Financing: $549,000

Cash Flow: $225,000

Gross Revenue: $640,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1983

Very Profitable West Michigan Body Shop

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Business Description

It has been a great 35 year run for the husband and wife owners of this highly profitable Body Shop who have now reached retirement age and feel it is time to transition their business to a new owner/operator.

This clean, well equipped 5000 square foot facility (which is included in the sale) is located in a small West Michigan community with a population of just under 10,000 full-time residents.

This small two-man shop (the owner, one fulltime employee and a part-time contribution from the wife) have consistently generated revenues in the $600,000 range including $640,000 in 2017. Over the last three years the business has recorded an impressive average annual SDE (Seller Discretionary Earnings- the historical, normalized cash flow available to pay an owner-operator and service debt) of $225,000.

The asking price of $549,000 includes the business, a clean purpose-built building, two vacant lots, and all the equipment used on a daily business to generate the impressive top and bottom line results.

A majority of the work comes from repeat customers and their referrals. It is typical for their loyal customers to wait up to a month or longer to get their vehicles repaired as the quality of the work and the fair pricing makes this shop worth waiting for.
This is a must-see opportunity if you desire to own your own Body Shop or if you currently own a Body Shop and want to expand your business.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
5,000
Employees:
1
Reason for Selling:
retirement
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Joel Hekler

Business Listed By:
Joel Hekler

Praxis Business Brokers

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Sponsoring Broker:
Michael Greengard


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