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Automotive collision repair, car sales/rental - Ask $999,995
| Asking Price: | $999,995 | Inventory: | $585,508 ++ |
| Gross Revenue: | $1,893,254 | Real Estate: | n/a |
| Cash Flow: | $326,000 (comments below) | FF&E: | $100,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Cash Flow Comments: discretionary cash flow | |||
Automotive collision repair, refinishing, paint, bodywork, mechanical and electrical repair, welding and frame, AC, alignment, etc. Parent company also includes car rental and used car sales components, all together producing annual gross sales in 2008 of $1,893,000. This highly profitable, 15 year old business derives income streams from multiple sources. A tremendous reputation, as evidenced by their membership in the BBB since 1995, this company has a solid, long tenured staff ready to serve the customer’s needs (14 full time employees). The car rental component includes 24 cars (all included in the sale) 2006 or newer. The car sales component includes 58 car notes (all included in the sale), totaling over $450,000 in promissory notes, with varying expirations over the next 2 to 3 years. They offer in house financing, no credit check performed, with interest rates ranging from 14.99% to 22.99%.
This business is a one-stop-shop for automotive collision repair and general auto repair. The purchase price of $999,995 includes the cash flow of approximately $326,000, as well as the inventory of rental vehicles of $235,508, the inventory of outstanding car notes of over $350,000, and the FF&E of approximately $100,000. Regarding the auto and collision repair business, 50% of the business is derived from insurance companies, 40% from fleet accounts and 10% from individual customers.
The approximately 19,000 square foot facility is large enough for significant growth.
This business is a one-stop-shop for automotive collision repair and general auto repair. The purchase price of $999,995 includes the cash flow of approximately $326,000, as well as the inventory of rental vehicles of $235,508, the inventory of outstanding car notes of over $350,000, and the FF&E of approximately $100,000. Regarding the auto and collision repair business, 50% of the business is derived from insurance companies, 40% from fleet accounts and 10% from individual customers.
The approximately 19,000 square foot facility is large enough for significant growth.
About the Business
Year Established:1994
Employees:14 full time -
Facilities:Approximately 19,000 square foot facility houses all three businesses comfortably, fenced. Located in centralized location in DFW. Equipment included in sale includes 1 brake lathe, 1 alignment machine, 2 above ground lifts, 1 balancer and 1 press.
Market Outlook and Competition:Competition: Normal competition
Growth & Expansion: A hands on owner could continue to increase sales through additional marketing and advertising, as current owner does very little advertising. Most business is from repeat customers, insurance companies, and referrals. Direct B to B selling initiatives, & focused web advertising could help greatly.
About the Sale
Management Training and Support:Approximately 19,000 square foot facility houses all three businesses comfortably, fenced. Located in centralized location in DFW. Equipment included in sale includes 1 brake lathe, 1 alignment machine, 2 above ground lifts, 1 balancer and 1 press.
Reason For Selling:Moving out of state.
Seller Financing:TBD
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Industry: Auto Related
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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. Please review the full Disclaimer here.
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