Auto Body Shop Netting $197K
Asking Price: | $1,500,000 |
Gross Revenue: | $1,433,408 |
FF&E: | $550,000 |
Cash Flow: | $197,242 |
Inventory: | $50,000 |
Established Year: | 1954 |
Location..location...location is key! This very well run and very profitable Auto Body Shop which has been around for close to 30 years and now the owner is looking to pass it onto the right buyers.
KEY POINTS:
They have their DEALER LICENSE - not utilizing it!
very clean tax returns
Did we mention location..location..location! Rt1 property..lot's of traffic
owner willing to stay on for 1 year for a smooth transition
Currently dealing with 10 dealerships
2 buildings
BIG Lot
Longterm employees
Owner is selling the property for $2.5M
surrounded by lots of car dealers
GROWTH OPPORTUNITIES:
owners don't advertise at all so doing this will increase sales!
can take on more accounts..owners are content with what they have and have not taken on anymore accounts.... but it's there
hire second shift...the demand is there for it
can do police towing..opportunity is there.. owners don't want to do it
make use of Dealer License...current owners not using it