Business Listing
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Listing No:
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11702-RG
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Category:
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Automotive: Auto Body Shop
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Description:
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Auto Body Shop
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Business Details
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Revenues:
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$499,477
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Adjusted Cash Flow:
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$238,542
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Selling Price:
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$450,000
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Down Payment:
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$112,500
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General Location:
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Sarasota, Florida
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Executive Summary
PRE-QUALIFIED FOR SBA FINANCING WITH ONLY $112,500 DOWN. This company focuses on high end body work, and is highly profitable. It is located near the downtown area of Sarasota, and well known for the high quality of its work. The owner has 37 years experience in the business and established this company in 1984. It has been in the same location since that time. The shop does body replacement and repair, and minor mechanical work related to the repair. Owner owns the building and will rent to buyer. There is also an additional 3,000 square feet in an adjacent building owned by the seller which is available for rent. The shop has eight stalls, a custom frame machine and an indoor spraybooth. It also has the capability to computer-mix its own paint, eliminating the need to deal with dealers or wholesalers. Company has had no environmental or OSHA problems and has an EPA number. Marketing is extremely limited. In addition to a regular clientele and larger institutional accounts, new work comes principally on referral from small auto shops and individual word-of-mouth. The owner has not actively solicited new business for years. Competition within a 5-6 mile area is limited. No major ca[pital equipment is needed for the forseeable future. Owner states there are numerous ways for a buyer to increase volume if so inclined. Profitability is much higher than industry standards for shops this size.
