Summary
- Asking price:
-
$575,000
- Sales revenue:
- $242,500
- Net profit:
- $21,500
- Years established:
- 23
- Employees:
- 2 full time
Business description
This “For Sale by Owner” automotive body shop is a direct repair shop for four major insurance companies. The primary business is derived from word of mouth. They are a reputable shop that is known for their quality workmanship. They also provide services for corporate trucks and some fleet work. The business is now available due to health concerns of the present owner. He has agreed to stay on through a reasonable transition period to acclimate you to the business, the clientele and the area. Call now for details.
Property information
- Location:
- This approximately 1.1 acre lot has 7 buildings. The property is zoned general industrial. Building descriptions are as follows;
• New cement block building, 64’x48’x16’ w/office, shop and rest room *** 1995 cost $130,000
• 24’x28’x14’ addition in the rear is used as paint booth
• Two 12’x14’ overhead doors and a 10’x10’ overhead door plus a 10’x10’ overhead door between the new main building and paint booth***
• 36’x120’ wood building includes; entry way, office, storage room and two shop areas plus a small unused part basement and an overhead door at the rear of the building. It is in fair condition
• Four steel Quonset hut buildings, 20’x50’ each –can be used for storage and they are in fair to poor condition
Other information
- Expansion potential:
- Growth and expansion could be obtained by advertising to increase business. Hiring additional help would help to expand the business.
- Competition / Market:
- There is very little competition in this area.
- Support & training:
- Owner agrees to stay through a reasonable transition period.
- Reasons for selling:
- Health
- Financing available:
- There is a possibility for some owner financing for the right buyer.
- Furniture / Fixtures value:
- $125,000