Thriving Auto Repair & Body Shop For Sale
Palm Beach County, FL
| Asking Price: | $4,150,000 |
| Gross Revenue: | $3,175,845 |
| Real Estate: | $2,500,000 |
| Cash Flow: | $649,172 |
| Inventory: | $5,000 |
| Established Year: | 2003 |
Listing ID: 2283027Listing provided by BizBuySell
BUSINESS DESCRIPTION
This is a thriving automotive repair and body shop that has been serving the South Florida area for over 20 years. This business with real estate included is fully staffed, has solid financials, and has systems, policies and procedures in place, making it a truly a turn-key operation! Revenue has continued to grown at average of 14% YOY and the Cost of Sales has averaged 46%. Whether you’re a mechanic looking for your own business or looking to add to an existing portfolio, this business is the a great fit!
DETAILED INFORMATION
Location
Palm Beach County, FL
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
8,450
Employees
9
Facilities
Zoned for light industrial, the location provides easy access for customers & employees alike. The parcel currently has an automotive repair facility with multiple lifts and bays and has ample parking.
Competition
The auto repair industry in South Florida is poised for continued growth, driven by vehicle owners holding onto their cars longer and seeking alternatives to expensive dealership services. Rising prices of new cars is causing more people to repair existing vehicles, increasing demand for independent shops. Additionally, new technologies mean more advanced diagnostics and intricate engine designs offers competitive advantages for shops that can adopt new tools efficiently.
Growth & Expansion
Growth can be achieved by hiring more technicians, focusing on higher ticket jobs and adding retail parts in the waiting area and expansion of the current facility.
Financing
This business is SBA Prequalified for a 25 year loan
Support & Training
Seller will provide 60 days of training for the new owner at no cost.
Reason for Selling
Retirement
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