Auto Body & Repair Shop with Real Estate
Columbus, OH
| Asking Price: | $3,200,000 |
| Gross Revenue: | $1,800,000 |
| Established Year: | 1997 |
| Cash Flow: | $800,000 |
| Real Estate: | $3,750,000 |
Listing ID: 2296116Listing provided by BizBuySell
BUSINESS DESCRIPTION
This is a HIGHLY PROFITABLE full-service auto body and repair shop with two locations - one location does the body work accounting for 50% of sales and the other location does the repair work accounting for 40% of sales. The remaining 10% of sales are used car sales done from the repair shop location. The two locations are a short distance apart. The business accepts work on all models but specializes in Japanese cars.
The sellers are selling the business and real estate together. The ideal buyer would purchase the entire offering - the business and real estate for both locations. Purchasing the business alone is also an option.
The real estate is offered by BEST CORPORATE REAL ESTATE, Richard Barth, Agent, Ohio License #2021006737.
DETAILED INFORMATION
Location
Columbus, OH
Inventory
Included in asking price
Real Estate
Owned
Employees
4.5
Facilities
The body shop opened in 2010 and is a HIGHLY ATTRACTIVE ~9,000 sq ft custom-built building designed by the owner to optimize work flow and reduce utility costs. It is very clean, has two large bays, 1 paint booth, paint mixing room, ample storage for parts, 600-amp service, office, bathroom, kitchen, spare bedroom, and parking for ~18 cars outside. The repair shop opened in 1997 and moved to the current location in 2000. It is ~3,900 sq ft, has a front office, bathroom, 6 bays with lifts, back office, showroom, and parking for ~20 cars outside.
Competition
The business is located on a busy commercial street adjacent to a well-established residential neighborhood, is highly visible, and only 3 mins from a major highway. There is limited competition in the area. Sales are very steady with good owner cash flow every year, and no dip during covid.
Growth & Expansion
Excellent opportunity for someone wanting to buy a HIGHLY PROFITABLE, well-established, business with a great reputation and very strong repeat customer base with growth potential.
The body shop has a current backlog of ~3 months which could be reduced with increased staffing thus yielding immediate growth, and the facility has the room for growth. The repair shop also has a backlog but more limited in space.
Sales could be increased by advertising which the Seller has rarely pursued, instead relying mostly on word of mouth and a great Google rating.
Support & Training
If desired by the buyer, the seller has agreed to stay on after the sale for a period of compensated time to ensure all established relationships with employees, customers, vendors, etc. are transitioned smoothly.
The seller and spouse both work in the business full-time.
Reason for Selling
Seller wants to retire
Report an Issue with this listing
SIMILAR LISTINGS
