Auto Body Shop with Exclusive Fleet Contract

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Business is literally paid daily by fleet customer via ACH
Asking Price:
$470,000

Gross Revenue:
$536,398
Cash Flow:
$185,897
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
$17,450
included in asking price

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Business Description

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

Year Established:
2013
Number of Employees:
6 w/owner
Real Estate:
Leased
Building Sq. Ft.:
3,500
Lease Amount/Mo.:
$4,000.00
Facilities:
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.
Market Outlook/
Competition:
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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About the Sale

Reason For Selling:
New opportunity
Training/Support:
Seller will provide training as needed, as well as transition assistance with the fleet contract.

Listing Info

ID:
1541245
Ad Detail Views:
410

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Business Listed by

Jeremy Furtick

Sigma Mergers & Acquisitions

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Sponsoring Broker:

Scot Cockroft
Sigma Mergers & Acquisitions

U.S. Census Data for Collin, Dallas and Denton Counties, TX
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Collin, Dallas and Denton Counties, TX
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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