Vehicle Body Shop For Sale

Business description

The business was established approximately 20 years ago. Situated in a small, but vibrant and strategically located town. The shop is involved in body and paint repair on a wide variety of vehicles including regular passenger cars and light trucks. Whilst some private work is undertaken the majority of work (perhaps in excess of 95% is driven by referrals from a wide panel of insurance companies to include: ING, Coop and Economical Insurance etc. Customers may be referred by the insurance companies to the shop or stop in as the shops is established and well known in the surrounding community. Buyer needs a minimum $180,000 in cash. Bank has indicated they will finance the balance. Note: this business is being marketed by: Stuart Neal & Associates, Business Brokers. Interested parties MUST sign a Confidentiality Agreement and provide a Financial Statement PRIOR to receipt of further details.

Property information

Lease terms:

The business is fully equipped to support its business activities. Rent is $3,333 monthly. 5,000 sq. ft. approx. The vendor owns the building and will provide the buyer with a long term lease subject to further negotiation i.e. 10-20 years as required.

Other information

Expansion potential:

Business can demonstrate outstanding growth over the last 3 years; culminating in a banner year i.e. 2007 generated over $640,000. Assuming that the owner was able to duplicate this performance the buyer would recoup the total purchase price of the business in just over 12 months.

Competition / Market:

According to the vendors, the nearest comparable sized shops are 30 minutes south and 35 minutes north. There are 2 very small shops in nearby but they do not have the relationships with insurance companies or size and credibility in the market place to effectively compete, according to the vendors.

Support & training:

The owner is agreeable to providing hands-on training to a buyer for a period to be negotiated and agreed upon by vendor and buyer.

Reasons for selling:

Owners wish to pursue other opportunities

Trading hours:

Monday to Friday

Financing available:

Bank will lend up to $500,000 subject to buyer status.

Furniture / Fixtures value:

$85,000

Inventory / Stock value:

$20,000

Contact the seller

For more information about this business for sale, click the Contact Seller button.

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