Asking Price: $470,000 Gross Revenue: $536,398Cash Flow: $185,897 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed included in asking priceFF&E: $17,450 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
The exclusive fleet contract this business has makes it an extremely unique opportunity! Servicing this customer gives the business daily repair work, so it eliminates a lot of the seasonality experienced by most body shops. Also, because this fleet customer pays weekly, the business does not have some of the cash flow problems other body shops have.
The business specializes in minor collision repair, auto painting and hail damage. While it can handle larger frame repair jobs, the owner prefers to avoid those - there are larger dollars involved, but the jobs also last longer and tie up his shop, so he’d rather concentrate on smaller jobs that can turn around in 2-3 days.
The business has three primary customer types - a large fleet customer, insurance claim work and walk-in cash business, and they just added a large, new hail customer that is expected to increase the company's growth rate. Currently, about 60% of the business’ revenue comes from a fleet customer contract, 30% from insurance work and 10% from walk-ins. The financials presented are pacing figures for 2018. Three years of financials will be provided after the NDA is completed.
About the Business
Number of Employees:
Building Sq. Ft.:
The business is located in an area of Dallas with a large volume of automotive related businesses in the vicinity. It’s part of a larger building that houses other auto businesses, but it’s the only body shop. The facility is 3,500 sq. ft. inside, and has another 3,500 sq. ft. in the outside fenced yard.
The market has significant competition in this industry, but at the same time the market has significant need for this service. The biggest differentiating factor for this business vs. competitors is the fleet contract it has.
Growth & Expansion:
The owner believes the business could use the experience gained with its current fleet contract, and parlay that into the pursuit and acquisition of other fleet work with cr dealerships or rental car agencies.
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