Denver County, CO Automotive and Boat Businesses For Sale

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Mobile Auto Glass Co, Huge Growth Opportunity, RelocatableSolid Name and Reputation, Developed a Web Based Customer Software
$250,000 Cash Flow: $100,000 Seller Financing
Mobile Auto Glass Co, Huge Growth Opportunity, RelocatableSolid Name and Reputation, Developed a Web Based Customer Software

Denver, CO

MOBILE AUTO GLASS CO South Denver, CO but could eventually move anywhere in Denver The 2016 earnings were 186,183 on 1,134,259 In revenues. This company is priced at less than 2 times the 2016 normally adjusted earnings. The trailing 12 month earnings from May 1 2017 to April 30 2018 were $100,135. There are several reasons why 2017 was a one-time disaster. Insurance companies stopped instant approvals on windshield repairs which cut their business almost in half. He was paying a manager $1,500 a week plus bonuses while he was growing a different much larger company that takes 90% of his time and not watching this business while it was shrinking. He also spent over $70K developing a software program that is working great and saved them 2 administrative jobs that I could add back their salaries but didn’t(they were laid off in February of 2017 and are no longer necessary). He decided to list the company for sale and to basically ignore it and let someone else turn it back around but the earnings had slipped to much by late 2017 that we had to pull it off of the market and for him to re-engage. The first thing that he did was to go to a 3rd party that guarantees instant payments for windshield repairs and start up that side of the business again. Bottom line is that the company is leaner and both the revenues and earnings are growing again. The business was being offered for $345K in 2017 but we have decided to lower that price to $250K which is a price that less than what this company made in 2015 on the bottom line. The adjusted earnings spreadsheet in the data room link above shows the owners salary of 11,700 per year and his mother’s salary of 43,680 being added back because he only works 8 hours a week and he believes the new owner can replace both him and his mother’s jobs. The rest are standard add backs in that spreadsheet. I could have added back a very large add back for a managers salary that he had to let go in April of 2017 because he was not doing a good job but decided that even though it would be accurate to add back at least half of it that it would be too aggressive. Bottom line is that the more you learn about the history of this business, the more you will realize its potential and that it should have been making a lot more money. Another example is that instead of turning down work after the hail storm, they subbed the work out based on a poorly thought out contract and actually lost money on average on all of that work. The company’s top and bottom line has grown every year until 2017 when they decided to stop doing REPAIRS because of the cost of fighting to get paid by the insurance companies and because they stopped instant approvals. REPLACEMENTS are very profitable but require salespeople and he has shifted his time to his roofing company. He had hired a manager to replace him but had to part ways with him in the spring of 2017 when he realized it was not working out. That manager is now in the construction business and has not been replaced. The owner built this company from 0 in revenues to 1M in revenues with the vans and equipment to be able to generate 2X this in revenues before additional capitalization would be necessary. The sales price has been lowered to 250K which was established by taking less than 2 times their 2016 earnings and only 2 ½ of their trailing 12 month earnings. A buyer will want to buy this for the growth and equity building opportunity the owner explains in the video interview plus they will also get an estimated 55K in FF & E which is mostly 2 Vans and Equipment also included in the purchase price. This business is well established and has a long term relationship with a couple of well-known dealerships. They have a 1099 Staff member full time in one of their service departments that is paid a commission on windshields serviced or sold at that dealership. They also get work directly from two repair shops. The dealerships use them in several ways typically: Full replacement service for all the used vehicles that they take in on trade or purchase from the auction, and full service replacement for customers that request to have their windshield replaced. They do some repairing for the dealerships also. This is recurring revenue. The owner says if he had the time, he would be calling on all of the dealerships using how happy their current dealerships are with their business partner. They are currently talking to another major dealership which they estimate could add 30 replacements a week to the schedule. Insurance Agents are a great way to secure long term residual income, this company has developed a direct relationship with Farmers Insurance, and have a few agents that will send their customers directly to them for replacement and repair. There are 224 Farmers Insurance agents in the greater Denver metro alone. If the new owner was to market to just these agents, and only received just one referral per month per agent, that would generate nearly 67,200 dollars per month in revenue. (This example is using the median price of $300.00 / replacement). He never put the time in to explore the potential of this. Dealerships/body shops/Insurance agents are Recurring Revenue which always supports a higher sales price. Plus this business will not change after the sale based on their reputation and location. They are 4 stars on both Yahoo and Yelp with no negative reviews. Colorado is one of the #1 states in the country to own an auto glass company. Because of the radical temperature changes, and the fact that rocks are mixed in with the salt that CDOT drops on the road during the winter months, windshields are always in need of replacing. I want to emphasize that the owner believes that you can substantially increase sales and profitability by being present and focusing on sales and hiring qualified employees. He has spent 3 years and a lot of money automating this business. They just need more employees and leads for his model. The sales price is 250K with the owner willing to carry up to 35% of the purchase price. This is an S Corp. Brief Overview and Deal Points: The owner states that “We have a model that took a lot of time and money to automate which means this company is now ready to grow in both revenues and profit margin”. The business has 2 fully wrapped vans as part of approximately $55K worth of Assets which includes a fully functional office. The company currently has 5 employees: 1 EE is 1099 stationed in a car dealership. 1 EE is his mother if the office manager and took over many of the old managers duties also. She makes $21/hr and will be leaving after a transition period with the owner and her. 1 EE is an office admin making $18/hr. 2 EE’s are installers with one of them having 20 years of experience. 1 EE is the owner who does very little except oversees a weekly Tuesday morning meeting. The owner says it takes about 3 months to properly train an installer. He spent 3 years developing a web based custom software for networking the business among other things. The software development required $18K upfront and then an extra monthly expense that has been between $1700.00 – $3200.00 per month up to February 2017. The only future cost would be a new owners wanting to modify it. The software allows: invoice creation, job scheduling, time blocking for installers, tracking supply and parts purchases, special orders tracking/ordering, employee time clock, accounts receivable tracking, sales reports including productivity reports, vendor/dealership/insurance company data base, and customer data that allow detailed searches. The expense to create this is over but I only added back 50% of the historical expense which was conservative. Typically legal, accounting, technology, computer software for a company this size would be less than $10K combined. This company should have a much higher profit margin in the future based on what they went through to develop their software, fighting insurance companies to get paid on repairs, outsourcing the bookkeeping/accounting, and having 2 more employees than they needed now that the software is functional. In fact, they laid off 2 employees earlier this year when that software became functional and I did not add back those expenses either. This is an unusual situation because I believe the valuation for a buyer is probably higher than we are asking because of how extensive the add backs really should be but lower for a bank that would typically not allow developmental, extra employees, excessive legal, etc in add backs. I believe a Buyer must meet with the Seller to fully understand the money he spent to position this company for a more profitable and efficient future. This business has many long-standing relationships with customers and vendors. It took years to establish these highly-profitable relationships. This is very valuable to the new owner going forward and means that the new owner will step into a steady stream of sales and stability at the closing. The new owner believes there will be no issues in the transition as long as the quality of service and advice that they give does not change after the transition. They are 5 years old and have a solid name and the finest reputation for fair dealings. The seller will agree to full Reps and Warrantees to a solid legal and business standing, no “ghosts in the closet”. They have a great record for safety (OSHA) and no legal battles. If the client has a problem, they fix it, it’s that simple! In fact, the seller will offer a full “right to off-set” against the sales price that the seller is carrying for any misrepresentations made or issues that come up after closing. The seller’s willingness to carry a portion of the sales price speaks volumes about his confidence in the short and long term performance of the business and the cash flow and revenue expectations. Awesome Rent Deal: The store is 1200 square feet and only 1375 month total gross lease which is a 3 year lease with almost two years left. (Trash removal and cleaning services included in this lease) This landlord will allow a new lease for multiple years. The location has a great floor plan, very functional, and efficient. It has security cameras and plenty of parking. Both can accommodate more employees and future growth. Growth and Expansion: The auto glass industry is growing at a rapid rate, and is almost recession proof. Dealerships, body shops, insurance agents, retail direct customers are always looking for companies other than the Safelite to fill the void. This business gives you the customer service customers are looking for and the dependability of a large scale company to back it. Right now, local Colorado auto body shops are still booked out at least 4 months from the hail storm that hit Denver in May. It will happen again and again. There are hail storms every year of varying degrees. We will always benefit because we can go wherever we have to. Plus, notice how many vehicles you drive past on the highway that have a cracked windshield. Now times that by a few hundred thousand vehicles…. That’s your opportunity! Most growth plans have risk and this one has very little. In the past, they have done very little marketing as you can see from the advertising expenses on the PL. Increasing this will increase business which can lead to more long term recurring business also. Social media marketing to the local community. Adding an outside salesperson to meet insurance agents in the area and to drop in to see re-conditioning managers at dealerships are all great ways to grow this business and increase recurring revenues. They have a website that was created by one of the owners and could be upgraded and optimized and/or add a pay for pay per click banner to be on top of most searches. Plus, Colorado is the best State in the country to own a business. Colorado is #1 for Economic Growth in the US says US News and World Report. See articles: https://usat.ly/2wSml7Z and https://www.usnews.com/news/best-states/rankings This article ranks all 50 states by eight economic measures including GDP growth, housing prices, job creation and exports. Also, Area Developers Magazine ranked Denver the #1 growth opportunity in the country in June of 2015. Check out the articles in these links also: http://www.metrodenver.org/research-reports/economic-forecasts/2017-economic-forecast/ and rated Denver #1 for leading locations for economic strength indicators and eighth for both workforce and recession-busting attributes: http://www.imfromdenver.com/denver-no-1-on-u-s-news-best-places-to-live-list/?utm_campaign=shareaholic&utm_medium=facebook&utm_source=socialnetwork http://www.bizjournals.com/denver/news/2015/07/15/denver-rated-no-1-in-u-s-for-economic-success-3.html The Denver-Aurora-Broomfield metro area was rated first among the 375 metros. Here is Area Development's top 10 U.S. "Leading Locations" for 2015: 1. Denver. 2. Houston. 3. Grand Rapids, Michigan. 4. Greeley. 5. San Francisco. 6. San Jose. 7. Seattle. 8. Columbus. 9. Boulder. 10. Austin. ______________________________________________________________________________________ Thank you for your consideration. Sincerely, Jeff Chapman Eisnaugle Company Broker Group, LLC. Direct 303-905-7607 Office 303-284-7025 Fax 720-524-6482 jce@companybroker.com This is prepared by Company Broker Group with information provided by the Seller. It was not created by the seller and neither the Broker or the Seller are responsible for its accuracy. Buyers are responsible for their own due diligence. Neither the Broker or the Seller will indemnify or guarantee any forward looking statements or projections. The information contained in this e-mail message is confidential and may be protected from disclosure. Please be aware that any other use, printing, copying, disclosure or dissemination of this communication may be subject to legal restriction or sanction. If you have received this e-mail message in error, please reply to the sender and delete it from your computer. Different Brokerage relationships are available which include Seller agency, buyer agency, or transaction – brokerage. Brokerage disclosure to Buyer or Tenant of Property. Definition of working relationships. Seller's Agent: a seller's agent works solely on behalf of the seller to promote the interests of the seller with the utmost good faith, loyalty, and fidelity. The agent negotiates on behalf of and ask as an advocate for the seller. The seller's agent must disclose to potential buyers all adverse material facts actually known by the seller's agent about the business/property. A separate written listing agreement is required which sets forth the duties and obligations of the broker and the seller. Buyer’s Agent: a buyer’s agent works solely on behalf of the buyer to promote the interests of the buyer with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of an accident advocate for the buyer. The buyer’s agent must disclose to all potential sellers all adverse material facts actually known by the buyer’s agent, including the buyer’s financial ability to perform the terms of the transaction. A separate written by a Buyer agreement is required which sets forth the duties and obligations of the broker and the buyer. Transaction broker: the transaction broker assist the buyer or seller or both throughout a real estate transaction by performing terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting parties with any contracts, including the closing of the transaction, without being an agent or advocate for any of the parties. A transaction-broker must use reasonable skill and care and the performance of any oral or written agreement, and must make the same disclosures as agents about all adverse material facts actually known by the transaction – broker concerning the property or a buyer's financial ability to perform the terms of a transaction and whether the buyer intends to occupy the property. No written agreement is required. Company Broker Group, LLC, and Jeff Chapman Eisnaugle will be operating solely as a “Seller Agent” in all transactions.

5Red Carpet Car Wash & DetailingRed Carpet Car Wash and Detailing
$550,000
Red Carpet Car Wash & DetailingRed Carpet Car Wash and Detailing

Denver, CO

This Full Service/ Flex Service Car Wash and Detail facility features one of the best car wash locations in the Denver Metro Area with Excellent Demographics, High Traffic Counts, Excellent Visibility, Long Established Car Wash location. This site features two Full Service Detailing bays with an adjacent Express Detailing Canopy area that services four additional vehicles concurrently. The car wash tunnel features quality tunnel equipment, dryer system, chemical application system, security system, controls with an optional water reclamation system in place and much more.

Auto Repair Shop - Denver - $400K Cash Flow
$1,400,000 Cash Flow: $392,519 Seller Financing
Auto Repair Shop - Denver - $400K Cash Flow

Denver, CO

1) Profitable, Turn-Key Auto Shop in Northern Denver Yield fantastic returns at an auto shop in a centralized and upscale neighborhood. The location, staff, and garage are keys to the garage’s reputation and success. The current owner’s salary is approximately $400,000 per year. 2) A Rare Opportunity to Own a Respected Garage Fleet managers, car enthusiasts, and locals trust this shop because it offers quality service with integrity. Reviewers on sites like Yelp and Google overwhelmingly give it five stars. The business retains high-quality employees because of the compensation package and the superior working conditions. 3) Ideal Location The shop sits on a major thoroughfare through Metro Denver. The central location makes it convenient for fleet maintenance and repairs. The shop is in a B2 zone, a neighborhood business district. Many residents have multiple vehicles. 4) Large Parking Lot and Upgraded Shop The entire lot is twenty thousand square feet and the building is about 8,000 square feet. The building has a solid structure and foundation. Clients enter a welcoming waiting area. The waiting area at the front is about 600 square feet, which includes a spacious office and a newly renovated, ADA-compliant bathroom. The large parking lot gives the manager to the flexibility to handle a higher volume of cars than most shops. It is also convenient for customers. The garage is equipped for a wide variety of services and vehicles. It offers spectacular versatility with eleven standard-size bays, plus a “castle bay.” The castle bay, with a high ceiling of twenty feet, is the perfect solution for working on small school buses, utility vans, semi-trucks, and RVs. The entire garage floor has an epoxy flooring for easy cleaning. The newly upgraded lighting includes T-8 High-Output fluorescent bulbs to help mechanics find small cracks. 5) Included Assets: - All real-estate, including an 8,000 square foot building and a parking lot with space for 35 cars - Twelve bays, including ten standard sized bays with lifts, one flat bay, and a castle bay - All large machines and small tools - Eleven lifts total 4 lifts with a 9,000lb. capacity, 5 lifts with a 10,000lb capacity, and two with 12,000lb capacity - Extra revenue from a passive source of $3,000 per year - Five full-time, experienced employees paid on a salary basis, including four technicians and a manager. - Book of business from over fifteen years of operation, including several fleet accounts - Three “loaner” cars - Stellar reputation 6) Potential for Growth Despite the already considerable cash flow, a new owner could dramatically increase revenue in several ways. The shop only operates Monday through Friday. Opening the shop during the weekend could increase business by fifteen to thirty percent. The current owner occupies one of the bays for his personal use. The underutilized bay could yield another twenty percent in revenue. The business model recently added fleet services and currently accounts for less than ten percent of the business. Increasing the fleet services could yield another thirty percent of revenue. A new owner could further increase sales through marketing and advertising. 7) Ideal Buyer The ideal buyer is a car enthusiast, mechanic, or shop owner who recognizes a great business opportunity.

Profitable Automotive Repair shop for sale in Denver
$180,000 Cash Flow: $74,354
Profitable Automotive Repair shop for sale in Denver

Denver, CO

This is an established general automotive repair shop with a loyal clientele. The seller has over 2800 customers in the database. The business has recurring income from extended warranty work and multiple used car dealers in the Denver metro area. Technicians are long term employees (5+ years).

Very Profitable Private Car Service Serving High-Profile Clientele
$385,000 Cash Flow: $215,000 Seller Financing
Very Profitable Private Car Service Serving High-Profile Clientele

Denver, CO

By targeting high-profile clientele who demand predicability, dependability and attention to service, this private car business has managed to thrive while many in the taxi business are struggling. The clientele this company serves does not use taxis so they have not been affected by Uber/Lyft presence in Denver. Company has a strong web presence and 5 star reviews on Google, Facebook and Yelp. Owner looking to move out of state, but will make introductions and train a new owner as needed. Owner may be willing to carry a note on a small portion of the sale under the right terms. Business owns 5 vehicles that can be included in the sale at market value (any or all) at buyer's preference.

Car Maintenance Company For Sale, Lender Pre-Qualified
$750,000 Cash Flow: $290,205 Seller Financing
Car Maintenance Company For Sale, Lender Pre-Qualified

Denver, CO

This car maintenance company provides automotive maintenance and repairs to clients in the Denver area and is part of a nationally recognized franchise brand. Service offerings include oil changes, brakes, automotive fluid flushes, wheel balances, engine repairs, air conditioning, struts, as well as tire sales. Located in a high traffic area, this car maintenance company's convenient operating hours and location have helped it grow year over year. This business is pre-approved for a loan with 15% down payment for a well-qualified buyer. Don't miss this opportunity to get over $275,000 in cash flow for $112,500 down! The reason for the sale is the sellers’ desire to focus on their other existing business. Seller would agree to stay for at least two weeks to train the new owner. Don’t miss out before this business is gone!

Gas Station with Convenient Store In Denver
$75,000
Gas Station with Convenient Store In Denver

Denver County, CO

This convenience store with gas was previously operate as a Conoco station but is now two businesses one is the convenience store with gas and the other is a four bay auto repair center owned and operated by the owner of the land and building. The current rent is $1,060 per month total. Gasoline sales are approximately $1,000.00 per day with inside sales of around $500.00 per day.The business is great and operating very smoothly for someone who would like to step in and continue to build the business. This operation would be idea for a family run business. The location lends itself to being a community store and gas station on a busy street at a traffic light. The auto repair brings many customers to the site.

Full Service Glass Company for Sale in Resort Colorado Community
$850,000 Cash Flow: $325,000 Seller Financing
Full Service Glass Company for Sale in Resort Colorado Community

Denver, CO

This business repairs and replaces glass in both homes (60%) and automobiles (40%). The company provides an excellent work-life balance for new owner. The business is located in one of the most beautiful locations in the world and offers a lifestyle catering to outdoor enthusiasts of hunting, fishing, hiking, off-roading, white water kayaking or rafting. The company performs work in auto glass, single/double/triple pane replacement, window replacement, shower/tub enclosure installations, mirror cutting and installation, and screen repair. Glass breaks and that keeps this business in high demand, dirt roads throughout the area cause broken windshields at a higher rate than more urban areas. The Seller’s duties involve making strategic decisions and also the daily tasks of the trade. Owner just hired an additional employee, so that he can remove himself from all trade work to focus on a new opportunity. This Business is being sold in partnership with Ponderosa Real Estate, a licensed Colorado Real Estate Company.

Auto Shop in Prime Location!
$465,000 Cash Flow: $156,357
Auto Shop in Prime Location!

Denver, CO

Just look at the revenues! This established auto shop is a must see! So clean you can eat off the floors! Amazing location with great access. Huge building allows for great visibility. Loyal customers. A true treasure!! The numbers make sense, the location makes sense, the deal makes sense!! ONLY $465,000 for the business! Leased Real Estate: Consists of 2 buildings: 10,828 sq ft + 3,038 sq ft = 13,866 sq ft TOTAL Just over an acre of land


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