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Business for Sale Summary

Restoration Body Shop- Auto Repair w/ Property - 34472

Business Type: auto repair,auto/truck mechanical repair,business with property available,misc. service/non-classifiable,other business services,other personal services,professional services,repair services,seller financing available,auto body/collision repair
Restoration Body Shop- Auto Repair w/ Property
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This business has received 16 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $750,000 Down Payment $500,000
Gross Revenues $825,000 Lease Remaining Register Free to View
Owner’s Cash Flow $250,000 Number of FT Employees Register Free to View

Financing

$500,000 Down and $250K over 4yrs. @ 6% possible for a well qualified buyer.

Business Description

Restoration Body Shop & Auto Repair w/ Property. This business has been established for over 40 years and built a solid brand and reputation. The owner is now seeking to retire. This is the best of both worlds, auto body and repair. They offer a 4,800 sf shop with a spacious fenced in yard, 2 lifts, a fully licensed spray booth with all proper C/Os and inspection machine. A new owner can move toward more body work, repair work, or both. Even better, the property is available for an additional $750K through Mel Vaz of PMTG Realty. The owner will only sell the business and property together. In 2019 the business grossed $825,000.00 with an owner’s cash flow of approx. $250,000.00. 2020 sales declined, but 2021 has shown a nice rebound. We are seeking a serious and financially qualified buyer with good credit and at least $650K in liquid funds to cover the business purchase and a 20% down payment on the property. To learn more, please call, text or email Mel Vaz today on 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

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.