Business for Sale Overview:
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 expiration's 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 Furniture, Fixtures & Equipment 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.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Facilities: Approximately 19,000 square foot facility houses all three businesses comfortably, fenced. Located in centralized location in Dallas Fort Worth. Equipment included in sale includes 1 brake lathe, 1 alignment machine, 2 above ground lifts, 1 balancer and 1 press.
Furniture, Fixtures & Equipment: $100,000 (included in asking price)
Inventory: $235,508 (24 Rental Vehicles At Cost -included in asking price) $350,000 (outstanding notes on car sales – included in asking price).
Market Competition and Expansion:
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.
Reason for Selling:
Moving out of state.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.