Autobody Shop in a Major Metro Growth Zone! (17777)
| Asking Price: | $400,000 |
| FF&E: | $250,000 |
| Established Year: | 1961 |
| Gross Revenue: | $789,839 |
| Real Estate: | $800,000 |
Sold for $400K + $800K in RE! This high quality provider of automotive collision repair, automotive paint services, fabrication, collision repair, vehicle paint services, fabrications, and automotive maintenance services is perfect for a technician looking to own his or her own auto body or repair shop and can add a book of business. The well maintained and convenient shop is located in the historic section of Wayne County, Michigan and accessible to major thoroughfares and suburban communities. The shop owns high profit margin insurance contracts. The building size is approximately 13,300 square feet, with 1,000-sq.ft. used for office room / customer waiting areas, and the remainder used for shop and workspace. The building is owned by and leased back to the business. The business is located in a commercial zone that has been approved for major development which will increase its revenue and property value. This opportunity is for industry owners looking to expand or ambitious professionals looking to to run their own shop. The customer base consists mainly of regional residents and insurance companies that need repairs, paint, and collision services. 10% of the company’s business consists of minor auto repair services such as alignments and tires. These services can be expanded into a more substantial part of the company’s revenue. The company keeps current on the latest changes in the auto market, new servicing technologies and the latest auto collision techniques. Marketing efforts include targeting new business, using social media, word of mouth referrals, and some store-based advertising. 2023 revenues continued to increase 25% over previous year, reaching $789,839.
