Location: Westchester, NY
Industry: Automotive and Boat
Listing ID: 1122020
THIS BUSINESS IS SOLD
This is a highly reputable and very well established auto collision repair and paint business operating under the same ownership & in same location for the past 40 years. The business is owner operated with a full time, highly effective shop manager. The shops technicians are also highly-skilled and certified by several major manufacturers to repair specific vehicle makes and models. They can perform repairs to aluminum-bodied vehicles in addition to traditional steel-bodied cars, trucks and SUVs. They provide 24-hour towing and rental car service through a partnership with a national rental car agency. Customer service is top notch, handling customer concerns from the time they drop off their vehicles through final delivery. Their mission is to provide customers with the highest possible level of service. This includes handling all of the phases involved in collision repair. Contacting insurance companies, arranging for a rental car, expediting the repair process, and keeping the vehicle owner “in the loop” and updated as to the progress of the repair is standard practice. The owner’s reputation and commitment to the highest standards of auto body repair and customer satisfaction have kept the business thriving for over 40 years. Business is very stable with capacity to grow, excellent margins and strong cash flow. Shop consists of approx 5000 square feet inside with paint booth, paint mixing equipment, frame repair machine and all the tools of the trade needed to operate. There is separate office space and approx 9000 square feet of yard space outside. Owner is looking to retire. Some seller financing possible.
Highly motivated seller, for more information please contact me firstname.lastname@example.org
Gross Revenue: $1,500,000
Cash Flow: $385,000
Reason For Sale:
Owner is seeking retirement.
Training & Support:
Owner will provide training and support
Year Established: 1980
Days & Hours of Operation: Monday - Friday 7AM-7PM, Saturday 7AM -11AM
Non-Owner Payroll: $22,500
Employees: 7 Fulltime 1 Part time
Financing Available – Business is prequalified for SBA 7(a) loan terms
for qualifies buyers.
Total Project Cost: Up to 90% financing on purchase price, closing costs
and any working capital. As little as 10% injection. Term 10 years,
fully amortizing. Interest Rate Prime Rate + 2% to 2.75% = 5.25% to 6%