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This Business has been Sold!
Closing Date: 06/21/2018

Business for Sale Summary

Established Auto Body-Horry County,SC - 30562

Business Type: auto repair,auto body/collision repair,auto/truck mechanical repair
Sold
Established Auto Body-Horry County,SC
On June 21st 2018, The Undersigned
Acted as the Advisor to the Deal
Christopher  Gordon
Christopher Gordon Senior Broker
Servicing: This Broker is Servicing All of States
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.

Financial Information (non-confidential)

General Information
Asking Price $249,000 Down Payment $200,000
Gross Revenues $680,000 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$200,000 Down and $49,000 at 6%

Business Description

If you are looking for an established and profitable auto body shop in Myrtle Beach, this is it. The owners have been in business for over 20 years, and have a long list of repeat customers who come back, again and again. Fantastic location, right off main highway. Large yard, with lock-down fence area for security. This business does many repairs for local car dealerships in the Myrtle Beach area. Staff in place. The owner is retiring. The optimum buyer would have experience in the industry. Cash flow has been averaging over $100,000 a year. The company just invested over $60,000 in a new paint room, with brand new equipment. That is why the cash flow for 2017 is lower than normal. Business is up big within the past 12 months. The business is still growing at a fast clip, as well as the area around the shop. The owner will finance a portion of the business to an experienced individual. Real estate is also available, directly from the owner.

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. kg

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.