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Business For Sale
AUTO BODY SHOP - ABSENTEE OWNER - EXTREMELY PROFIT
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Asking Price: |
$375000
USD USA Dollars
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Business for Sale Industry: |
Auto & Mech: Services & Gas Stations
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Reason for Selling:
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Seller is pursuing other business ventures. |
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Year Established:
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2004 |
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# of Employees:
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9 |
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Yearly Cash Flow:
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$130055 |
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Yearly Gross Income:
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$881,448 |
Business for Sale Overview:
This extremely profitable auto body shop is run by the seller as an absentee owner. The Seller only works on the books and meets with the manager on a regular basis. This body shop has partnered with insurance companies to provide a level of service and quality that they expect and reward them with high volumes of work. This has proved to be a very lucrative business plan as payments are made promptly for work completed and there is never a shortage of work to complete.
Property Features and Assets:
This business utilizes a large shop which is equipped with the latest and best equipment. The current lease is assumable by a Buyer and is $5,163 NNN month, it expires in December of 2009. The Seller met with the Landlord who stated that he would be willing to extend the lease another 3 years.
Market Competition and Expansion:
The Seller has partnered with Insurance Companies as part of their Direct Repair Programs to maximize revenue and position the business for growth by providing top work. Most of the competition is not on these Direct Repair Programs and do not benefit from the higher volumes of work and quick pay for work completed. Building relationships with other insurance providers and getting on their Direct Repair Programs offers unlimited growth for a new owner. The current manager is currently utilizing his contacts to pursue these avenues of expansion for the current owner.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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