Summary
- Asking price:
-
$599,000
- Sales revenue:
- $420,000
- Net profit:
- $110,000
- Years established:
- 1947
- Employees:
- 4 full time, 2 part time
Business description
Here is a 26 year old autobody repair shop with all the business it can handle. Owner is tired and eager to step aside and retire. TOns of insurance work and a great reputation keeps everyone busy.
Property information
- Real Estate:
- Real Property Included
- Location:
- Two adjacent lots house the office (1,600 sq. ft.) and garage (3,000 sq. ft.). These lots are walking distance to downtown and next to a new $9M library that is about to open. Major renovations surround this location.
Other information
- Expansion potential:
- Growable: Increase revenue even more by opening Saturdays or evenings!
- Competition / Market:
- Market outlook is excellent! The good autobody shops are getting harder to find.
- Support & training:
- Management will train for six months and then leave. All key employees will remain, including the shop manager. Owner functions only as an owner.
- Reasons for selling:
- Owner is "just too old."
- Trading hours:
- M-F, daylight
- Financing available:
- 180K over 5 years at 8%. Real estate valued at $450,000 is included in the Asking Price.
- Furniture / Fixtures value:
- $100,000
- Inventory / Stock value:
- $5,000
- Related documents:
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