"PREFERRED"Auto Body Shop Absentee Owned Very Profitable w REAL ESTATE

Sale Pending

Asking Price$1,950,000

Cash Flow
$600,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$2,500,000

Inventory$10,000
Included in asking price
FF&E$500,000
Included in asking price
Real Estate$1,100,000
Not included in asking price
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"PREFERRED"Auto Body Shop Absentee Owned Very Profitable w REAL ESTATE


Sale Pending

Asking Price$1,950,000

Cash Flow
$600,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$2,500,000

Inventory$10,000
Included in asking price
FF&E$500,000
Included in asking price
Real Estate$1,100,000
Not included in asking price
Business Description
This is an absentee owned and well managed and operated auto body and collision shop. This business has a designated "preferred" insurance status with DRP contracts. The DRP contracts are with Liberty Mutual and Travelers Insurance with a "pre-qualification" for Geico Insurance, soon to be awarded to the company. DRP contracts currently account for 50% of total sales and with the Geico on-boarding sales should burgeon another 20%-25% ! This business has all the "bells & whistles"; strong financial performance, high profitability and cash flow, great brand reputation, active social media presence, great location, efficient clean fully equipped facility, seasoned management and employee's. This is a "scale shop" which handles all types and brands of vehicles and has been established for 25 years. Profit margin is trending to 30% and under current ownership sales have increased over one-third in three years. Sales for 2025 are projected to reach $2,500,000. Financials are strong and this would be a "bankable" buy-out. Acquiring this shop would work well for a "strategic buyer" or for a large scale multi-unit auto body company seeking additional growth.
About the Business
Years in Operation
25
Employees
9
Facilities & Assets
The shop is very clean with a good work flow and fully equipped with approximately 5000 +/- square feet. With office, bathrooms, storage, tools, 4 bays, lifts, paint booth for mix & spray, 3 garage doors. The 30,000 square foot lot has plenty of parking and has a fenced-in and secure area to store 40+ vehicles.
Market Outlook / Competition
This business does the "lions share" of auto body and collision repairs in the area. Competition is limited.
Opportunities for Growth
This auto body shop can easily add-on and accommodate all other types of auto repairs such as engine, transmission, brakes, electrical, suspension, tire replacement and diagnostics. Operate as an auto body and full-service repair shop to grow sales and profits. In addition once the Geico Insurance DRP contract is secured sales should grow substantially, owner estimates 20%-25% sales growth.
Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
5,000
About the Sale
Seller Motivation
To focus attention on two other businesses owned by seller
Transition Support
Up to one month of training will be provided to a qualified buyer
Listing Info
ID
2354544
Listing Views
1482

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Business Listed by: Richard Milordi TRINITY BUSINESS BROKERS

Listing ID: 2354544 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.