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Business for Sale Summary

Collision & Auto Body Shop - 28036

Business Type: retailing businesses,auto repair,service businesses,wholesale/dist businesses,special situations,auto/truck mechanical repair
Collision & Auto Body Shop
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This business has received 51 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $380,000 Down Payment $250,000
Gross Revenues $769,000 Lease Remaining Register Free to View
Owner’s Cash Flow $243,372 Number of FT Employees Register Free to View

Financing

$250,000 Down and $130,000 @ 6% for 36 months

Business Description

This well run well known collision center/auto body shop sits on a main road with lots of traffic. Great location is easily view-able from the street and has been there since 1987. The current owner is willing to work with the next owner for six months to ensure a smooth transition with the long list of clients and is willing to sign a no compete clause. Gross revenues are at $769,000 with a net cash flow of $243,371. The current lease runs through 2021 with no increase in monthly payments and has an option for the lease to be first in line to purchase the building if it ever comes up for sale. The current owner can supply a list of equipment that will come with the business. There is a current manager in place with a salary of $60,00 which the next owner can decide to keep in place or make some moves to increase the bottom line. The current owner is willing to discuss the duties of current employees so a possible new owner will have a much better understanding of the current employee structure and their duties. Current office hours are Mon - Fri 8 - 5. Plenty of nice office space (two offices) with multiple restrooms. Also comes with a complete security and video system. The current owner of this business is willing to negotiate a price because he wants to spend more time with his other businesses so make an offer, as you can see the next owner will be walking into a turnkey business and immediately turn a profit on their investment. Anyone who is half way interested should take a look at this great opportunity. Please call 1-877-735-5224 for further information.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.