Auto Body Shop In Sarasota For Sale

Business description

Highly profitable auto body shop near the downtown area of the city, well known for the quality of its work. The owner has 37 years in the business and established this company in 1984. It has been in the same location since that time. The shop does replacement, repair, and minor mechanical work related to repair. Owner has one DRP contract, the best insurance company in the owner's opinion, by choice. Owner owns the building and will rent to a buyer. It has eight stalls, a custom frame machine and an indoor spraybooth. It also has the capability to mix its own paint, removing the need to deal with dealers or wholesalers. Company has had no environmental or OSHA problems and has an EPA number. Marketing is extremely limited. In addition to a regular clientele and larger institutional accounts, new work comes principally on referral from small auto shops and word-of-mouth. The owner has not gone out to solicit new business for years. Competition with a 5-6 mile area is limited. No major equipment purchases are needed for the forseeable future. Owner states there are numerous ways for a buyer to increase volume if so inclined. Profitability is much higher than industry standards for shops this size. PREQUALIFIED FOR SBA FINANCING WITH ONLY $128,500 DOWN IF WORKING CAPITAL FACILITY IS INCLUDED IN THE FINANCING STRUCTURE.

Property information

Real Estate:

Lease

Lease terms:

Seller owns property. will give buyer lease to suit his needs.

Leasehold rent:

$24,000 per annum

Premises details:

Contact Broker

Business Operation

Expansion potential:

Contact Broker

Competition / Market:

None

Reasons for selling:

Semi retirement and travel.

Trading hours:

monday to friday 8am to 5pm

Employees:

2 full time

Years established:

1984

Other information

Support & training:

Seller will train as needed

Financing available:

Bank Financing Available for ten years and as little as $112,000 down.

Furniture / Fixtures value:

$77,000