Autobody Repairs & Spray-Painting

Los Angeles County, CA

Autobody Repairs & Spray-Painting
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Asking Price: $250,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $0

Inventory: N/A

Established: N/A

Autobody Repairs & Spray-Painting

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Business Description

Great Opportunity, Bankruptcy Sale

Bankruptcy Sale, Asset Sale. Financials can be provided.

Established to deliver best-in-class auto body repair & spray-painting services, advanced body collision has since its inception in 2002 grown from its grassroots level to the highly regarded and well-established business it is today.

As a contract auto body repair shop for an insurance company, the business together with its qualified and experienced technicians are specialists in the field of motor vehicle repairs and spray-painting services. The business operates on its mantra whereby customer satisfaction is, and will always, remain its top priority. This customer-centric approach has resulted in the business having an exceptional customer base – a network that it has built over its 18-year tenure. Underscoring this sizable customer base is the quality workmanship it provides. This has resulted in its
customers returning time and again as well as recommending the business with positive sentiment to their networks.

The company has cultivated a solid brand reputation within the industry and marketplace – this is evidence by the number of B2C (standard customers) and B2B (business customers)customers it attends to. The brand reputation is further bolstered by several positive online reviews found on platforms such as Google. The business has meticulously serviced its insurance contract and has ably developed a competency track record for delivering above and beyond.

The company is also engaged in the provision of auto body repair and spray painting services for all the dealers in the area within which it operates. An incoming owner could seek further growth by utilizing these customers as a case study to secure more customers in this segment. The business currently doesn’t undertake any marketing and does not have a digital footprint. For an incoming owner, this is a significant opportunity to drive the business’ brand awareness by leveraging its positive and strong brand reputation to drive increased profitability and brand value.

The company is fully compliant with all health, safety, and regulatory policies and procedures, and to this end, an incoming owner will be required to be in possession of an AQMD license to enable him/her to operate the business.

The business is going through bankruptcy sale, and the business is currently being operated on a limited operations basis, hence being sold as an asset sale. Previous years financial records can be provided. Gross Revenue provided is for YTD 2020.

Revenues:
2015: $1,351,866
2016: $1,227,190
2017: $1,349,524
2018: $1,458,125
as of 06/30/2020: $479,937

Detailed Information

Location:
Los Angeles County, CA
Reason for Selling:
Bankruptcy
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(from currently available funds)
 
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Raj Parikh - CBB, CBI, MBA

Business Listed By:
Raj Parikh - CBB, CBI, MBA

NAI Capital - Business Brokerage Services group

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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