Listing Number: 9525-363502
This well-established Auto Body Shop has been successfully operated for 24 years, has one of the best reputations in the area and enjoys a loyal customer base with word-of-mouth references and marketing. The business offers full collision and some mechanical repair for all makes and models of cars, trucks, SUV's. Driven to provide only high-quality repairs this shop is I-Car Gold Certified which ensures a well-trained labor force and the highest quality parts.
The business is in a 9,000 square foot facility situated off a major highway in Virginia, which is convenient to several towns and cities. The shop is fully equipped with high quality equipment including two state-of-the-art paint booths. The lot provides plenty of customer parking and area for car storage. The business is offered at 10-year lease at prevailing rates with an option to purchase.
The current owner works in the business daily and is retiring. He is willing to stay on for a negotiated period of time to ensure a smooth transition. There are two full time and two part time employees who will also stay after the Sale. All employees are paid by a payroll service and receive W-2’s. The business has cultivated a good relationship with local vocational schools and provides an apprenticeship program for new auto technicians.
There are several opportunities for additional streams of income at this location. Please ask the Broker for details.
- Price: $1,100,000
- Down Payment: $1,100,000
- Sellers Discretionary Earnings: $341,383
- Total Sales: $1,129,276
- Location: Withdrawn, Virginia
- Inventory: $10,000
- FF&E: $150,000
- Employees: 5
- Year Established: 1999
- Reason for Selling: Retiring
- Category: Automotive