71436 - Collision Repair Shop with Paint Booth

CA

Seller Financing Available
71436 - Collision Repair Shop with Paint Booth
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Asking Price: $550,000

Cash Flow: $150,000

Gross Revenue: $1,050,000

EBITDA: $29,179

FF&E: $200,000

Inventory: $30,000

Rent: $1,200 per Month

Established: 1998

71436 - Collision Repair Shop with Paint Booth

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Business Description

Professional repair shop in the High Desert region of Southern California specializes in offering year-long warrantied, high quality services of automotive collision bodywork, glass restoration, and frame straightening for all types of automobiles; from various models of cars and trucks to modern vehicles and vintage collectibles. Operating in two adjacent facilities that total 6,980 square feet (with dimensions of 3,000 and 3,980sq.ft.), buildings include four service bays, two additional extra-large bays for RVs, as well as a separate paint booth room, parking lot and office area. Proprietor leases locations for $1,200 and is seeking a ten-year minimum agreement, as it is in excellent condition, zoned for commercial use, and capable of handling additional capacity. With required tools and equipment of $200,000, average inventory of $30,000, and skilled technicians who are crossed-trained between amenities to increase efficiency, company is keeping a proven track record supported by over 20 years of ongoing business. Already well positioned within the marketplace, company’s efforts focus on increasing its large long-term customer base that reaches 60 miles of outlying community by targeting individuals through word-of-mouth referrals. Further expanding its good relationships and contracts with local coveted insurance agents who frequently provide new clients, they stay resistant to heavy hitters in the industry. Due to a strong reputation company income has remained steady over the past years, as 2018 and 2019 were $1,050,000 in Gross Revenue and with a rounded SDE’s of $150k.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
6,980
Lease Expiration:
N/A
Employees:
6 nonunion.
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Commercial property will be leased for a minimum of ten years.
Financing:
Can be negotiable up to 25% for the appropriate buyer.
Support & Training:
The owner will be available for a standard transitioning period and the employees would stay on after the sale.
Reason for Selling:
Approaching retirement and/or pursuing other interests.
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(from currently available funds)
 
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IAG M&A Advisors Buyer Division

Business Listed By:
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IAG

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Ad#:1541459

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