Over a decade operated Auto Body & Paint shop with real estate + next door 2 story building in a well-known area for auto service is available for acquisition. Established in 2002 and acquired by the current owner of the business after renovations. There are many competitors within the immediate market area, but due to the overflowing demand of auto services in this particular street is allowing for consistent growth of the business. The current customer base is filled with many individuals with a small amount of corporate accounts which has built for the last decade and a half. Sales in the last 3 years have averaged to $450,000-$500,000/year in net sales, but this can be significantly raised if proactive marketing is done in the nearby communities. Proactive marketing to target individual customers and adding more corporate customers from insurance companies or dealerships will provide adequate increase in the yearly sales. The next door 2 story building which is included in the sale can also be used as an expansion for the auto body & paint shop. Currently the next door 3,400 SF car sales business provides the owner with $1,600/month as rental income, but can be renovated at any time since there's only a short term lease agreement in place for the tenant. This auto shop provides services such as paint repair, general body repair, paint jobs, and sale of truck accessories. Sales are consistently rising which would mean this is the perfect opportune moment to acquire this business and further increase your profits.
Furniture, Fixtures & Equipment: Not Disclosed
Inventory: $80,000 (Included in listed price)
Real Estate: $900,000 (Included in listed price)
Financing: 100% down at the time of closing or 25% cash down with SBA Financing for Qualified Buyers.
Year Established: 2002
Facilities: Located in a 5,120 SF free standing building, this auto shop does paint and body repairs. Right beside the body shop is a 3,400 SF free standing building that was leased to a tenant (auto sales) generating $1,600/month in rental income. Both buildings are included in the sale, totaling 8,520 in building SF and 12,250 in land SF.Support/Training: Owner will provide training during a 4 week period for a smooth transition into the business.
Reason Selling: Retirement.
Competition: Many competitors are within the immediate market area due to the street located is a well-known area for auto services. Demand in the local area is so huge, auto related sales are still on the rise yearly.
Growth And Expansion: No forms of marketing are currently done, but lots of word of mouth goes around the local area since the business has been established for over a decade. Addition of more corporate customers will help increase overall sales and a more consistent cash flow. Expanding the facility to the next building would also be a viable option to increase sales.
Asking Price $1,100,000
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